$ETH

ETH

1,970.13

-5.23%

Ethereum is currently approaching a key horizontal resistance level. I am waiting for a clear upside breakout above this level. If the market breaks and closes above it, we could see a strong recovery and a solid bullish rally from here. However, the structure below still looks weak, and as long as price remains under this resistance, I am not interested in buying. If the market manages to break out above this level, I will expect a strong move to the upside from here.