I’m looking at $ETH /USDT around 2,400.59, with price recovering from the visible 2,398.64 low. The short-term structure has improved, but I’m still cautious because the visible MA60 sits at 2,401.79 and is sloping downward.
Price is pushing back toward the 2,400.59–2,401 area, which is the key zone I’m watching. I’d like to see price hold above the recent pullback and push toward the visible MA60 area before considering the setup attractive.
📍 Entry: 2,400.30–2,400.60
🎯 TP1: 2,401.26
🎯 TP2: 2,402.14
🎯 TP3: 2,403.02
🛑 Invalidation: 2,398.64
If price loses 2,398.64, I’d step away from this setup because that is the clearest recent low visible on the chart.
The main issue is that the chart only shows a very short price window, so momentum can change quickly. For me, this is a conditional setup rather than a high-confidence signal. I’m waiting for price to prove it can hold the current recovery before getting more aggressive.
Price is pushing back toward the 2,400.59–2,401 area, which is the key zone I’m watching. I’d like to see price hold above the recent pullback and push toward the visible MA60 area before considering the setup attractive.
📍 Entry: 2,400.30–2,400.60
🎯 TP1: 2,401.26
🎯 TP2: 2,402.14
🎯 TP3: 2,403.02
🛑 Invalidation: 2,398.64
If price loses 2,398.64, I’d step away from this setup because that is the clearest recent low visible on the chart.
The main issue is that the chart only shows a very short price window, so momentum can change quickly. For me, this is a conditional setup rather than a high-confidence signal. I’m waiting for price to prove it can hold the current recovery before getting more aggressive.
