$ETH : Bulls Are Still Defending the Structure — 1H Setup Remains Bullish
ETH is showing resilience after a mild 1.1% pullback, with the 1H structure still printing higher highs and higher lows. Daily and weekly trends remain aligned with the bullish bias.
Key levels to watch:
- Demand: 2692.82
- Key 1H swing low: 2676.97
- TP1: 2721.39
- TP2: 2738.68
- Extension: 2744+
- Bearish invalidation: 1H close below 2676.97
My bias remains bullish while ETH holds above 2676.97. The preferred entry zone is 2693–2697, but I would rather wait for a liquidity sweep below 2692.82 followed by a strong reclaim than chase the move.
Confirmation to watch:
- Rejection wick around 2692
- Bullish engulfing candle
- 5M–15M bullish structure shift
- Strong reclaim and hold above 2692.82
If ETH reclaims 2721.39 and then breaks above 2738.68 with strength, the move could extend toward 2744+.
However, BTC is still showing bearish structure, while ETH OI is down 1.6% over 24h at $6.18B, funding is slightly negative at -0.0028%, and taker flow sits at 0.85x. That makes confirmation especially important.
If 2676.97 breaks and ETH closes below it, the bullish thesis is invalidated and downside toward 2647.90 becomes possible.
No chase. No premature entry. Let price confirm the setup.
Not investment advice. Educational report only.
#ETH #Ethereum #CryptoTrading #Altcoins #Binance
ETH is showing resilience after a mild 1.1% pullback, with the 1H structure still printing higher highs and higher lows. Daily and weekly trends remain aligned with the bullish bias.
Key levels to watch:
- Demand: 2692.82
- Key 1H swing low: 2676.97
- TP1: 2721.39
- TP2: 2738.68
- Extension: 2744+
- Bearish invalidation: 1H close below 2676.97
My bias remains bullish while ETH holds above 2676.97. The preferred entry zone is 2693–2697, but I would rather wait for a liquidity sweep below 2692.82 followed by a strong reclaim than chase the move.
Confirmation to watch:
- Rejection wick around 2692
- Bullish engulfing candle
- 5M–15M bullish structure shift
- Strong reclaim and hold above 2692.82
If ETH reclaims 2721.39 and then breaks above 2738.68 with strength, the move could extend toward 2744+.
However, BTC is still showing bearish structure, while ETH OI is down 1.6% over 24h at $6.18B, funding is slightly negative at -0.0028%, and taker flow sits at 0.85x. That makes confirmation especially important.
If 2676.97 breaks and ETH closes below it, the bullish thesis is invalidated and downside toward 2647.90 becomes possible.
No chase. No premature entry. Let price confirm the setup.
Not investment advice. Educational report only.
#ETH #Ethereum #CryptoTrading #Altcoins #Binance