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Ethereum Structure Turning Interesting
$ETH has been trading in a clean range between $1,800 – $2,200 for the past few weeks. The $1,963 level (February close / POC) continues to act as a key pivot, and price is now pushing higher while holding above it.
Key observations:
• Price is pressing into the 20-day SMA resistance as the trend compresses.
• Strong volume acceptance above $2,000 is building.
• The market is once again approaching the range high near $2,200.
If buyers reclaim and hold above $2,200, the market could shift from range → expansion, potentially triggering a strong move.
For now, the structure remains clear:
Higher lows + reclaiming key levels = growing bullish pressure.
A breakout above the range high could accelerate momentum for
#GateFebruaryTransparencyReport #MicroStrategyAddsBTCFor1.28B