ETH: Price Can Develop a Range Trading Opportunity

ETH: Price Can Develop a Range Trading Opportunity

On the daily chart, Ethereum is showing the opportunity for a
range trading price development.

Price is actually testing a very strong resistance area that proved
to be very strong in the past.

The CPI numbers from the U.S and also the market speculation
related to those number help Ethereum to reach the price zone
where it is now.

I am expecting a bearish correction this time again. However
the actual situation is not that easy and we have to be careful
despite the fact that the crypto industry is very weak.

PS: If the price will break above the current structure then we can be exposed
to the bullish move.

Thank you and Good Luck!