ETH Holds Below $3,600 as Market Eyes Critical Breakout Zone

⬤ Ethereum remains stuck in consolidation mode, hovering below the $3,600 mark that’s become the line in the sand for bulls and bears alike. Market participants are sitting on their hands, waiting to see if ETH can punch through this ceiling. The chart shows ETHUSD holding steady after its recent climb, bouncing around in a narrow band instead of picking a clear direction.

⬤ The technical picture combines price movement with volume profile data and anchored VWAP levels. ETH is rotating near these local volume-weighted averages, showing that current prices sit right where most of the recent action has taken place. The volume profile points to where the real liquidity lives, backing up the idea that Ethereum’s basically stuck in neutral right now. The market’s clearly in wait-and-see mode before making its next big call.

⬤ A volatility compression indicator running below the main chart shows multiple squeezes happening over time, signaling that price swings have been getting smaller. These tighter ranges often mean more sideways grinding, though when volatility finally returns, moves tend to be sharp. Against this backdrop, $3,600 stands out as the make-or-break level—clearing it would signal the end of this range-bound phase.

⬤ What happens with Ethereum matters beyond just ETH holders. As one of crypto’s cornerstone assets, its price behavior ripples across the entire digital asset space. When a major coin sits at a well-defined technical boundary for this long, the eventual breakout or breakdown tends to shake up sentiment market-wide. With ETH still camped below $3,600, how price acts around this zone will tell us whether we’re staying stuck or finally breaking into a trend.