<ul data-eligibleForWebStory="true"><li>Ethereum (ETH) is currently consolidating within a narrow trading range, with analysts predicting an imminent breakout.</li><li>Analysts note strong absorption of wicks on both sides, indicating market compression and the potential for a significant move.</li><li>Traders are advised to watch for a higher timeframe candle close above or below the current range to confirm the breakout direction.</li><li>Merlijn The Trader applies Wyckoff methodology and sees ETH's current structure in the 'Creek' resistance line, suggesting a breakout.</li><li>The chart points to a potential breakout above the $2,600–$2,700 zone, signaling a transition into a bullish phase.</li><li>Confluence of technical analyses indicates ETH is poised for a substantial move, building momentum and supporting a bullish reversal narrative.</li><li>Traders are monitoring the $2,700–$2,800 resistance range for a potential breakout towards higher levels.</li></ul>

ETH Price Trapped in Tight Range—Analysts See Explosive Breakout Ahead

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