ETHEREUM ANALYSIS — WATCHING THE BOTTOM OF THE RANGEEthereum / TetherUS PERPETUAL CONTRACTBINANCE:ETHUSDT.PmrsignalllETHEREUM ANALYSIS — WATCHING THE BOTTOM OF THE RANGE Let’s take a look at the #Ethereum chart. As you can see, #ETH has been trading inside a large range between $2,566 and around $2,350 for almost 23 days. Looking at the top of this range, we can see that price has formed a double top. Today, September 15, price broke below the double-top structure and is now trading around $2,420, moving closer to the bottom of the range. Based on this range structure, we can expect price to continue moving lower toward the bottom area of the range, around $2,350. However, price could also move slightly lower, toward $2,300, before finding a reaction. So, I’m not looking at one exact number here — I’m watching the $2,350–$2,300 area as the bottom zone of the range. Once price reaches this area, I’ll be watching closely for a reaction. I don’t want to enter blindly just because price reaches the bottom of the range. Instead, I’ll wait for confirmation from the price action and candlesticksto see whether buyers are stepping in and whether the price is showing signs of moving back toward the top of the range. So for now, $2,350–$2,300 is the key area I’m watching. Once price reaches this zone, I’ll look for confirmation. If I see a setup that gives me the confirmation I’m looking for, I’ll update you in the next analysis and share what I’m seeing.