Multiple factors into play here
1. It is retesting desceding triangle pattern which will confirm the trend later
2. It is getting rangebound
3. It has strong resistance but a critical support as well
ETHUSD show good support at current levels.
If it falls below current level there will be drop. How ever I am expecting it to go sideways for couple of weeks until chinese dump all there holding due to crypto.
Good part is trade volume is similar to what it was during DEC-20 to Feb-2021 so if it is able to break the upper resistance it can act as new support...
