ETH 15M Analysis - Key Triggers Ahead | Day 33

☃️ Welcome to the cryptos winter , I hope you’ve started your day well.

⏰ We’re analyzing ETH on the 15-Minutes timeframe .

👀 On the 15-minute timeframe for Ethereum, we can see that after an impressive 10% rally, ETH showed one of the strongest recoveries in the market compared to other major coins — managing to climb above $4,100 and form a new trading range early in the week. Currently, Ethereum is consolidating within a range between $4,200 (top) and $4,121 (bottom). A breakout from this range could create either a long or short setup. Keep in mind that following this strong bullish move, trading volume has started to decline inside this range.

🧮 Looking at the RSI oscillator, we can see that after the recent surge, ETH’s momentum is now fluctuating between 43 and 70. A breakout above or below this RSI range would likely increase volatility and accelerate Ethereum’s next move — potentially with fewer candles but stronger momentum.

🕯 The size and volume of recent candles during Ethereum’s rally have been exceptional. Major buyers and institutional players have added substantial ETH positions to their portfolios. The large, high-volume bullish candles leading up to the current range reflect Ethereum’s strong momentum. Now, while the price is oscillating inside the range with reduced volume, a clear volume expansion is expected once the range breaks.

🧠 As Ethereum remains trapped inside this trading range, a breakout will require increased volume and RSI confirmation beyond the defined thresholds. This setup gives us two potential scenarios:

↗️ Long scenario: If Ethereum breaks above $4,200, which acts as a taker-seller resistance, and RSI pushes above 70 (Overbought zone), ETH could launch another bullish leg early in the week — showing an even stronger recovery compared to the rest of the market.

📉 Short scenario: If Ethereum breaks below $4,121, which is a maker-buyer support, and RSI drops under 43 toward the Oversold zone, it could continue its downward correction. However, given ETH’s strong bullish momentum, this bearish scenario would likely require negative market fundamentals to fully play out.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .