Ethereum Holding the Line — Range Compression Before ExpansionEthereum / US DollarCOINBASE:ETHUSDHENRY_TraderGoldEthereum on the H1 timeframe is currently trading inside a clear consolidation range after a strong impulsive rally. Price is oscillating between a key support band around 3,280–3,300 and multiple overhead resistance levels at 3,397 → 3,433 → 3,475. This is classic post-impulse behavior, where the market pauses to rebalance liquidity before choosing direction. From a price action perspective, buyers have repeatedly defended the same horizontal support zone, with several clean rejections to the downside but no sustained acceptance below it. Each pullback into this zone is met with demand, suggesting that sellers lack strength to extend a deeper correction. The structure inside the range is overlapping and corrective a sign of consolidation, not distribution. The EMA (yellow) is rising and running directly through the support area, reinforcing this zone as dynamic support. As long as price holds above this EMA and the horizontal base, the broader bullish structure remains intact. The recent downside probe labeled “BREAK” appears more like a liquidity sweep rather than a true breakdown, as price quickly reclaims the range. Bullish scenario: If ETH continues to respect the 3,280–3,300 support and builds acceptance, a push toward 3,397, followed by 3,433 and ultimately 3,475, becomes the higher-probability path. A clean breakout and close above the upper resistance would confirm continuation. Bearish scenario: A decisive H1 close below 3,280, with acceptance under the EMA, would invalidate the range support and expose the lower liquidity pocket near 3,180–3,200. ➡️ Key support: 3,280–3,300 ➡️ Key resistance: 3,397 → 3,433 → 3,475 ➡️ Market state: Consolidation after impulse ➡️ Bias: Neutral → Bullish while support holds Ethereum is not trending yet it’s coiling energy for the next expansion.