Can Ethereum escape the $1,800–1,900 range today?
Can Ethereum escape the $1,800–1,900 range today?
▫️ ETH trades near $1,854, below the EMA 9 at $1,859 and SMA 200 at $1,888. Volume and momentum remain weak.
▫️ Lower oil prices have temporarily eased inflation concerns, but U.S.–Iran negotiations remain unconfirmed. Traders are waiting for action rather than diplomatic promises.
▫️ Prediction-market traders see a 98% probability of ETH remaining above $1,800 by noon ET, but only a 3% probability of it exceeding $1,900. Expectations remain firmly range-bound.
▫️ ETH is compressing inside a falling wedge. Immediate support sits at $1,833, while $1,865–1,888 remains the main resistance zone.
A confirmed hourly close above $1,865 opens the way toward $1,888–1,900. Losing $1,833 would expose $1,810–1,790.
Disclaimer: This is not invest advice.