ETH 8H – Compression Between Descending Resistance & Rising MacrEthereum / TetherUSBINANCE:ETHUSDTBKVIPETH on the 8H timeframe is currently trading around 2,256 while being compressed between a descending resistance trendline from the April highs and a rising support trendline from the February lows that has been the macro floor for this entire structure. Price pushed to a high near 2,430 in mid-April before a descending resistance trendline capped all subsequent recovery attempts. Meanwhile the rising trendline from February continues to climb and is now approaching current price from below, tightening the structure significantly. Both trendlines have been respected multiple times across several months, making this a high-significance compression zone. Key Levels To Watch 2,430 → Prior high, descending resistance origin 2,380–2,400 → Descending resistance trendline, overhead ceiling 2,280–2,300 → Horizontal resistance, prior reaction zone 2,256 → Current price, key horizontal support zone 2,210–2,230 → Rising trendline support (dynamic, climbing) Below 1,805 → Full macro trendline breakdown The rising trendline from February has survived multiple deep tests across nearly three months and remains the most significant structural level on this chart. The descending resistance has now been in play since mid-April, creating a clearly defined compression zone. A clean break and close above the descending resistance near 2,380–2,400 would resolve the compression bullishly and open room toward 2,430 and beyond. Failure to hold the rising trendline near 2,210–2,230 would be a significant structural breakdown and open room toward 2,050–2,090 and below. This is a macro compression setup. Break above 2,380–2,400 → compression resolves bullish, eyes on 2,430+. Lose rising trendline at 2,210–2,230 → macro breakdown, deeper downside opens. Neutral inside compression zone. Bias only on confirmed break of either boundary.