ETH: Sideways Structure Building Pressure

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ETH: Sideways Structure Building PressureEthereum / TetherUSBINANCE:ETHUSDTAnhbaCong_ETH: Sideways Structure Building Pressure – Trend-Following Short Setup Dominates Ethereum is currently moving within a well-defined price compression range after sustaining heavy downward pressure from the previous period. Observing the visual data from chart , since the sharp drop in early June, the price has entered a sideways consolidation zone bounded by the lower support floor around $1500 - $1530 and the overhead resistance barrier at the $1820 - $1850 range. This price action indicates that the market has temporarily lost its directional expansion momentum on both sides. However, the short-term structure has just logged a notable signal as the price established a lower second high, closely following a prior higher low sequence. This state confirms that buying demand is visibly weakening upon approaching the upper barrier. Statistically, a prolonged sideways range forming immediately after a steep plunge usually implies that the bears are accumulating further pressure to continue pushing the price down, rather than initiating a bullish reversal. Consequently, the optimal strategy at this juncture is to prioritize a downward-biased position (Short). The advantage of this specific setup is that it allows for a very tight stop-loss placement right above the solid $1850 resistance zone to protect trading capital, while projecting a temporary take-profit target back down toward the psychological support cluster near the $1530 mark. Disclaimer: This is not financial advice, DYOR.