Ethereum Is in a Waiting Game Until This Key Breakout Happens

• Ethereum remains stuck in a long-term range between $2,100 and $3,700.
• Low-timeframe volatility triggers false signals, patience is advised for traders.
• A decisive breakout above resistance or below support will define Ethereum’s trend.

Ethereum continues to trade within a well-defined range, leaving traders in limbo. Analyst EliZ recently highlighted the asset’s prolonged consolidation pattern on social media. 

The cryptocurrency has been bouncing between the same levels for months. Price action shows neither bullish strength nor bearish weakness, just equilibrium.

ETH Trapped Between Key Support and Resistance Zones

According to EliZ’s analysis, Ethereum faces a critical macro structure. The monthly chart reveals price confined between $2,100 support and $3,500-$3,700 resistance. 

Every rally toward the upper zone triggers selling pressure. Conversely, dips to the lower boundary attract buyers.

The current price hovers near $2,960, sitting in the middle of this range. 

Data from CoinGecko shows ETH trading at $2,930.63 with a 24-hour decline of 3.40%. The seven-day performance reflects a 1.85% drop. Trading volume reached $23.4 billion in the past 24 hours.

The biweekly chart paints a similar picture. Ethereum oscillates between roughly $1,600 support and $4,400-$4,500 resistance. Multiple touches of these zones confirm a range-bound market rather than trending conditions.

Daily Noise Masks the Bigger Picture

EliZ warned traders against getting caught up in short-term movements. The analyst emphasized that emotional reactions to single candles or tweets lead to poor decisions. 

Lower timeframes show messy action filled with false breakouts and continuous retracements.

This environment punishes traders who force positions. Only those who wait for clear structural signals find success. The market rotates liquidity without establishing directional momentum. 

Reduced position sizing becomes crucial in such conditions.

The analyst stated that neither bullish nor bearish narratives hold weight currently. Until a sustained breakout or breakdown occurs, the market remains in a stalemate. Strong storytelling cannot replace actual structural change.

Trader Eyes Long Opportunities at Support

Analyst Lennaert Snyder offered a different tactical perspective. He noted that Ethereum maintains an uptrend within the broader range. 

The asset holds an important support box around $2,930.

Snyder focuses on long positions at current levels. He referenced statistics showing low probability of breaking the weekly low. His strategy involves waiting for a sweep below $2,938 before entering.

The trader seeks a market structure break as his entry trigger. His final target sits at $3,070 where liquidity concentrates. However, he acknowledged that the depth of any potential sweep remains unpredictable.

Patience Becomes the Winning Strategy

Both analysts agree that waiting beats guessing in the current environment. 

The macro structure demands discipline and clear-headedness. Traders who chase every move risk getting whipsawed repeatedly.

EliZ emphasized that only a clean break above resistance or below support changes the game. Until that happens, short-term volatility means little for the bigger picture. The market consumes time and energy without producing meaningful trends.

Snyder plans to take two partial profits before his final target. This approach helps manage risk in uncertain conditions. His focus remains on the M15, M30, or H1 timeframe for the market structure break.

The message from both traders remains clear. Ethereum needs a decisive move outside its established range. Until then, patience and reduced positioning offer the best path forward.

The post Ethereum Is in a Waiting Game Until This Key Breakout Happens appeared first on Live Bitcoin News.