Ethereum Faces Heavy Resistance — Range-Bound StructureEthereum / TetherUSBINANCE:ETHUSDTThe_Alchemist_Trader_Ethereum is currently trading into a critical resistance zone, with price action forming a clear SFP-style pattern around the $2,200–$2,300 region. This area has repeatedly acted as a ceiling, rejecting bullish momentum and reinforcing the broader range-bound structure that has defined recent price action. Key Highlights: - Strong resistance cluster at $2,200–$2,300 🔺 - SFP-style pattern forming signals potential liquidity grab ⚠️ - Downside target sits near $1,820 support 📉 From a technical standpoint, the inability to sustain acceptance above this resistance zone suggests that bullish continuation remains weak. The current move into resistance appears to lack strong conviction, increasing the likelihood that this is a deviation rather than a confirmed breakout. As long as Ethereum remains below this key level, the probability favors a corrective move lower. A rejection from this zone would likely lead to a rotation back toward the lower bounds of the range, with $1,820 acting as a key support level. This area aligns with prior demand and could serve as a potential reaction point if downside momentum accelerates.\ Overall, Ethereum continues to trade within a well-defined range, and until a clear breakout above resistance occurs with strong volume, the bias remains tilted toward a rejection and downside continuation within the broader structure.