ETH: Tightening Range Signals Upward Break

ETH range compresses daily, with Michaël van de Poppe stating a volatile move higher looms and structure remains bullish.

Price sits at $1883.6 beneath EMA50 resistance at $1893.62 yet above EMA200 support at $1850.01; MACD registers a bullish golden cross at -4.16 while RSI holds neutral at 47.06 inside Bollinger bands bounded by $1913.36 resistance and $1858.06 support, pointing to a brief test of the lower band before continuation aligns with Ethereum price consolidation patterns observed in the past year.