ETH IS HOLDING FIRM — $2,800 NOW BECOMES THE TEST!
ETH is holding above the $2,750 area while the broader 4H structure remains constructive. Current ETH is around $2,757, with price still above the short and medium moving averages.
Structure: Higher levels remain intact while ETH holds above the $2,730–$2,750 area.
Buying Zone: $2,730–$2,750 — the nearest decision area around the MA cluster and pivot support.
Resistance: $2,765–$2,785 — immediate resistance from current pivot levels.
Volume: Futures activity is extremely high at roughly $54.9B over 24H, showing strong derivatives participation.
OI / Positioning: ETH open interest is around $35.9B, so leverage is significant and sharp squeezes remain possible.
Liquidity / Momentum: RSI is around 59, MACD is positive and the moving averages remain bullish. Momentum is strong without RSI being deeply overextended.
HTF Context: ETH remains well above its 50/100/200-day averages, keeping the broader recovery structure constructive.
MY READ — 🟢 LONG BIAS
My read stays bullish while $2,730–$2,750 holds. A clean push through $2,785 would put $2,800 directly in focus, followed by the $2,850–$2,900 area if momentum expands.
The main risk is a sustained loss of $2,730, which would weaken the current 4H structure.
KEY LEVELS
🟢 Buying / Support: $2,730–$2,750
🔴 Resistance: $2,765–$2,785
🎯 Next Area: $2,800–$2,850
⚠️ Invalidation: Sustained break below $2,730
Bottom line: ETH has the structure and momentum, but buyers still need to clear the nearby resistance before the next leg becomes convincing.
Would you wait for $2,785 to break, or watch the $2,730–$2,750 retest first?
#ETHETFsApproved
$ETH
ETH is holding above the $2,750 area while the broader 4H structure remains constructive. Current ETH is around $2,757, with price still above the short and medium moving averages.
Structure: Higher levels remain intact while ETH holds above the $2,730–$2,750 area.
Buying Zone: $2,730–$2,750 — the nearest decision area around the MA cluster and pivot support.
Resistance: $2,765–$2,785 — immediate resistance from current pivot levels.
Volume: Futures activity is extremely high at roughly $54.9B over 24H, showing strong derivatives participation.
OI / Positioning: ETH open interest is around $35.9B, so leverage is significant and sharp squeezes remain possible.
Liquidity / Momentum: RSI is around 59, MACD is positive and the moving averages remain bullish. Momentum is strong without RSI being deeply overextended.
HTF Context: ETH remains well above its 50/100/200-day averages, keeping the broader recovery structure constructive.
MY READ — 🟢 LONG BIAS
My read stays bullish while $2,730–$2,750 holds. A clean push through $2,785 would put $2,800 directly in focus, followed by the $2,850–$2,900 area if momentum expands.
The main risk is a sustained loss of $2,730, which would weaken the current 4H structure.
KEY LEVELS
🟢 Buying / Support: $2,730–$2,750
🔴 Resistance: $2,765–$2,785
🎯 Next Area: $2,800–$2,850
⚠️ Invalidation: Sustained break below $2,730
Bottom line: ETH has the structure and momentum, but buyers still need to clear the nearby resistance before the next leg becomes convincing.
Would you wait for $2,785 to break, or watch the $2,730–$2,750 retest first?
#ETHETFsApproved
$ETH
