ETH's current positioning is interesting—it's sitting right around the Daily 200 EMA with solid horizontal support underneath. The chart structure has gotten pretty tight recently, which typically sets the stage for something to break loose. Based on how compressed things have become, a meaningful directional move could easily materialize over the coming weeks. The key here is patience though. We need to see real momentum or clear confirmation before committing to either direction. Until that signal shows up, it's better to stay on the sidelines and let the setup develop.