Technical analysis by Raphael_TraderGOLD about Symbol ETH on 6 hour ago

Ethereum on H1 is holding inside a well-defined sideways range following the sharp impulsive sell-off, with price now rotating between a defended support zone and a capped resistance band around the 3,000–3,020 area. This type of tight consolidation after an aggressive move lower signals absorption rather than continuation, as sellers fail to push price into acceptance below support while buyers are not yet strong enough to reclaim resistance. The structure suggests balance and compression, not trend resolution, with liquidity building on both sides of the range. From a macro perspective, this behavior aligns with the broader crypto environment. Risk sentiment has stabilized, and while liquidity conditions are not expanding aggressively, there is no fresh macro shock to justify another impulsive leg down. Expectations around U.S. monetary policy remain relatively steady, limiting USD strength and allowing crypto assets like ETH to consolidate instead of breaking down. However, the lack of strong liquidity inflows also explains why upside remains capped and corrective for now. As long as ETH continues to hold the support zone, downside is likely limited to range rotation rather than trend continuation. A clean acceptance above the resistance zone would signal alignment between technical structure and macro conditions, opening the path toward a stronger recovery move. Until that breakout occurs, this is a patience phase the edge appears only when price leaves the range with clear intent.