$ETH
🚀 ETH just exploded upward — and the chart is screaming momentum!
Current: $2,372.77 🟢 +4.54%
24H High: $2,380.82
24H Low: $2,221.54
24H Volume: 647,546 ETH / $1.49B USDT
ETH has ripped from the $2,306.67 area into $2,380.82, printing a powerful sequence of higher highs and higher lows on the 15M chart. The buyers are clearly in control for now.
🔥 BULLISH PLAN:
Entry: $2,350–$2,370 on a healthy retest
TP1: $2,400
TP2: $2,430
TP3: $2,470+
Invalidation: below $2,330
But here’s the danger 👀 — ETH is already pressing the $2,380–$2,385 resistance zone. If buyers cannot break it, a quick pullback toward $2,350 → $2,335 → $2,306 could happen.
🔴 SHORT SCENARIO:
Rejection around $2,380–$2,400 + loss of $2,350 could open the downside toward $2,335 and potentially $2,306.
The bigger picture is getting interesting: ETH’s recent move has been backed by a sharp expansion in daily price action and volume, with Aug. 19 showing a 17.5% daily gain in historical data.
⚡ My read: Bulls have the momentum. I would rather buy a confirmed breakout/retest than chase a vertical candle. Above $2,400, the next leg could get very aggressive. Below $2,330, the short-term structure starts losing strength.
Trade the levels, not the emotions.
⚠️ Manage leverage and risk carefully. DYOR — not financial advice.
🚀 ETH just exploded upward — and the chart is screaming momentum!
Current: $2,372.77 🟢 +4.54%
24H High: $2,380.82
24H Low: $2,221.54
24H Volume: 647,546 ETH / $1.49B USDT
ETH has ripped from the $2,306.67 area into $2,380.82, printing a powerful sequence of higher highs and higher lows on the 15M chart. The buyers are clearly in control for now.
🔥 BULLISH PLAN:
Entry: $2,350–$2,370 on a healthy retest
TP1: $2,400
TP2: $2,430
TP3: $2,470+
Invalidation: below $2,330
But here’s the danger 👀 — ETH is already pressing the $2,380–$2,385 resistance zone. If buyers cannot break it, a quick pullback toward $2,350 → $2,335 → $2,306 could happen.
🔴 SHORT SCENARIO:
Rejection around $2,380–$2,400 + loss of $2,350 could open the downside toward $2,335 and potentially $2,306.
The bigger picture is getting interesting: ETH’s recent move has been backed by a sharp expansion in daily price action and volume, with Aug. 19 showing a 17.5% daily gain in historical data.
⚡ My read: Bulls have the momentum. I would rather buy a confirmed breakout/retest than chase a vertical candle. Above $2,400, the next leg could get very aggressive. Below $2,330, the short-term structure starts losing strength.
Trade the levels, not the emotions.
⚠️ Manage leverage and risk carefully. DYOR — not financial advice.