ETH Range-Bound Trap: Here's What the Chart Actually Says

ETH is doing that annoying sideway thing again—stuck between 4550 and 4640 like it can’t make up its mind. Price sitting around 4596 this morning, and honestly? Classic indecision.

The Setup:

• 4640 = resistance wall (failed breakouts multiple times)
• 4550 = support floor (validated repeatedly)
• Volume? Weak. MACD? Stuck near zero. KDJ? Messy.

Translation: Both bulls and bears are exhausted. Nobody’s pushing hard enough.

What Happens Next:

Most likely scenario—ETH rolls back to 4550. Why? No catalysts, BTC sleeping, and that 4640 ceiling isn’t cracking without volume. Once it tests 4550 again, retail panic selling kicks in if it breaks. Then what?

Hit 4480? That needs a black swan event (regulatory shock, BTC crash). Probability under 50%. More realistic: bounces at 4550, gives traders a reentry point.

The Play:

• Don’t FOMO into 4640 chasing. Set stop-losses.
• Watch 4550. If it holds = buy the dip. If it breaks = reduce exposure.
• 4480 breakout isn’t coming without major catalyst.

BTW, market sentiment is ‘meh’—nobody’s excited. That’s actually the tell. See you at the support bounce.