Ethereum peaked near $1,980 and has drifted inside a narrow $1,820 to $1,980 band for close to two months without picking a direction.
Price kept rising into the highs while the strength behind it faded, and heavy overhead supply plus the six-month average price line both land at $1,908 to $1,928.
A daily close above the prior high at $1,958 would clear that overhead supply and prove this view wrong, which is why the stop sits just above it.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
