📉 ETH — TIGHT RANGE COMPRESSION NEAR THE FAST MOVING AVERAGES! 🔻
$ETH is trading higher at 2,399.42 (+0.20%, or roughly Rs664,399.40), moving within an active 24-hour range between a high of 2,419.21 and a low of 2,359.02. Price action on this 4-hour chart shows a tight consolidation phase following the rejection near the 2,526.99 swing high, currently hugging the fast MA(7) (2,397.60) while sitting just underneath the MA(25) (2,424.20) and macro structural MA(99) (2,463.22) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 2,320.00–2,395.00 (on volume absorption and successful defense of local swing support floors)
🛑 STOP LOSS: 2,290.00
🎯 TP1: 2,490.00
🎯 TP2: 2,580.00
Are you watching for Ethereum to reclaim the moving average cluster and push toward upper resistance, or looking for a break toward lower support? Let's discuss below! 👇
👉 Trade: $ETH
#Ethereum #ETH #cryptotrading #BinanceSquare #bearish
$ETH is trading higher at 2,399.42 (+0.20%, or roughly Rs664,399.40), moving within an active 24-hour range between a high of 2,419.21 and a low of 2,359.02. Price action on this 4-hour chart shows a tight consolidation phase following the rejection near the 2,526.99 swing high, currently hugging the fast MA(7) (2,397.60) while sitting just underneath the MA(25) (2,424.20) and macro structural MA(99) (2,463.22) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 2,320.00–2,395.00 (on volume absorption and successful defense of local swing support floors)
🛑 STOP LOSS: 2,290.00
🎯 TP1: 2,490.00
🎯 TP2: 2,580.00
Are you watching for Ethereum to reclaim the moving average cluster and push toward upper resistance, or looking for a break toward lower support? Let's discuss below! 👇
👉 Trade: $ETH
#Ethereum #ETH #cryptotrading #BinanceSquare #bearish
