Technical analysis by cryptopandaph about Symbol ETH on 2/16/2025

Ethereum is still moving sideways or ranging since Feb 03 and the latest DWHL as of current is 2,921 HIGH & 2386 LOW until now price is not breaking out both Support & Resistance. 📈📉By identifying the inside range, Take note this is note base on EW this is just a normal wave count for normal structural movement.First phase already made a 5 counts next the yellow phase and next we are attempting next the cyan phase which possibly move to test the PBr1 support at 2.4k approx price, If we manage to break or test the 2.6k support at x Mark high probability we can proceed to B then next rejection move until PBr1 retest 🧘Patiently waiting for this movement to happen, No rush 💯