Ethereum reclaimed the 23.19 pivot today, normally a setup that sparks momentum. But after the reclaim, price immediately ran smack into overhead resistance between 23.34 and 23.36. Now it’s just sitting one notch below, looking for a cue.
Ethereum’s candlestick chart marks support at 23.16 and resistance at 23.37. Price action is still boxed inside that band, with support underneath and the ceiling just overhead. For now, Ethereum is pressing the top of that range without clearing it.
That leaves Ether at a familiar kind of handoff point: one nearby level has been reclaimed, but the next barrier just above is close enough that the move still needs confirmation. So the market is better described as pressing than as breaking.
Confirmation isn’t a candle or two above the high. It’s a strong push that stays there. If Ethereum can do that, the pivot finally matters. If not, we’re left with more of the same: a reclaim that’s stuck looking for proof. For now, the test is whether resistance at 23.37 breaks cleanly or the move slips back toward support at 23.16.