ETH’s $2K Tightrope: Will It Soar or Plummet?

Technical compression, a state of economic stasis, has seen ETH’s price confined to a narrow range, as if penned in by a particularly fussy gardener. During this period, volatility has been as subdued as a vicar at a jazz club, yet pressure simmers beneath the surface, threatening to erupt in a breakout or breakdown. Our trading desk, ever the keen observer, noted on daily ETH/USDT charts that small-bodied candles dominate, with repeated failed attempts to breach the $2,000 psychological level, a threshold so revered it’s akin to the Holy Grail of price points.



