📊 ETH Analysis - Nov 29

ETH continues to accumulate volumes in the range of $2000 - $2125. Despite increasing highs, the upper boundary of this range still poses strong resistance.

Note that after breaking the descending channel, highlighted in the previous review, we have seen an unsuccessful retest from above.

Analyzing the volume profile, it's clear that selling pressure is gradually decreasing. So, following a brief accumulation phase, I anticipate a new attempt to surpass the $2125 level.

💡 Breaking the $2125 mark and establishing above would serve as a strong signal for a short-term ETH trade, targeting slightly above $2,300.

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