ETH Ethereum Analysis: Waiting for Confirmation at a Key Level

📊 Currently analyzing Ethereum (ETH) — on the 4H timeframe, price action has broken structure and tapped into a major external range high, aligning perfectly with a significant resistance zone. ⚡

When we zoom into the 30-minute chart, applying tools like the Anchored VWAP and Volume Profile, we can clearly observe a deep retracement beneath both the VWAP and a key value area. This suggests a period of indecision where price could break in either direction — 🚀 a clean breakout above may trigger a long opportunity, while a rejection and move lower could present a short setup.

At this stage, patience is key — we’re simply waiting for the market to reveal its hand before committing to a bias. 🎯

📉 Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before trading.