🚨 $ETH BOUNCED HARD — BUT I’M NOT CHASING THIS LONG.
ETH’s latest H1 candle closed at $2,707.58 after touching $2,734.58. Price briefly moved above the recent $2,722 high, but buyers could not keep it there.
The simple view:
• Buyers have defended $2,634–$2,650 several times.
• ETH has already moved far away from that support.
• Volume improved, but the breakout is still not confirmed.
🟡 NO CLEAR ENTRY — WAIT.
I would only reconsider a Long if an H1 candle closes above $2,722–$2,734.58 and the retest holds. If ETH cannot hold above that area, this bounce may remain just noise inside the range.
Would you wait for confirmation or skip this setup? 👀
$ETH #Wyckoff #SMC
Paper analysis only. Not financial advice.
ETH’s latest H1 candle closed at $2,707.58 after touching $2,734.58. Price briefly moved above the recent $2,722 high, but buyers could not keep it there.
The simple view:
• Buyers have defended $2,634–$2,650 several times.
• ETH has already moved far away from that support.
• Volume improved, but the breakout is still not confirmed.
🟡 NO CLEAR ENTRY — WAIT.
I would only reconsider a Long if an H1 candle closes above $2,722–$2,734.58 and the retest holds. If ETH cannot hold above that area, this bounce may remain just noise inside the range.
Would you wait for confirmation or skip this setup? 👀
$ETH #Wyckoff #SMC
Paper analysis only. Not financial advice.
