Range Bound

'Range-bound' in the context of cryptocurrency refers to a market condition where the price of a particular cryptocurrency is trading within a defined range for a period of time. This means that the price is consistently bouncing between a certain upper resistance level and a lower support level, without making significant moves beyond these boundaries.

Example:

Bitcoin has been range-bound between $30,000 and $40,000 for the past two months, with buyers stepping in whenever the price approaches $30,000 and sellers appearing whenever it nears $40,000.

Case:

In 2021, Ethereum experienced a range-bound market for several weeks, fluctuating between $2,000 and $2,500. During this period, traders may employ range-bound trading strategies, buying at the support level and selling at the resistance level, until a breakout or breakdown occurs.