$IWM, the iShares Russell 2000 ETF, is currently trading near its all-time highs, with market analysts expressing caution about its performance. Recent observations indicate that the ETF is holding just below its all-time high (ATH) and is being closely monitored for potential upward movement. Analysts have noted that a critical resistance level exists at 244, which the ETF must surpass to maintain bullish momentum. If it fails to hold the 240 area, there are concerns about the possibility of forming a double top pattern similar to that seen in 2021. The ETF has shown a bullish breakout from an August-November triangle pattern, but it faced rejection around the ATH, indicating mixed signals in the market. Support has been identified at the 240 level, which had previously acted as resistance, suggesting that traders will be watching closely for any significant movements in the coming days.