ETH is currently consolidating at a high level, clearly preparing for a trend reversal. Watch more, act less, and avoid reckless moves.

The market signals are very clear: the price is stuck oscillating between 2120 and 2140, with Bollinger Bands tightening, indicating that volatility is bottoming out. It’s obvious that a direction will be chosen soon.

Focus on these two key levels:
Resistance above is at 2140-2150. If there’s a volume surge pushing through, the bulls still have room to run;
Support below is at 2110-2120. If it breaks down effectively, a correction will follow.

Don’t gamble prematurely:
Currently, staying in cash and observing is the safest. Don’t enter until a breakout occurs.
Wait for the trend to develop:
- If volume breaks and stabilizes above 2140-2150, go long with a small position, with a stop loss below 2120;
- If volume breaks and drops below 2110-2120, go short with a small position, with a stop loss above 2140.

In one sentence: the market is holding back now, and a result is imminent. Be patient and wait for it to break out of the 2120-2140 range, then follow the trend. Don’t try to pick tops or bottoms against the trend.