$ETH /USDT — Short-Term Rejection at Resistance
I’m watching ETH around 2,335 because the recent push toward 2,336.75 has started to fade. For me, the key question is whether buyers can regain momentum or if this rejection leads to another move lower.
Price is currently at 2,335.45, sitting slightly above the MA60 at 2,334.19. The chart shows a recovery from the recent local low, followed by a pullback from the local high. The latest candles in the volume panel are red, so I’d like to see buyers step back in before considering a bullish continuation.
The zone I’m watching is 2,336.19–2,336.75. A clean reclaim and hold above this area would make a move toward the visible 24h high more interesting. If price continues rejecting this zone, I’d stay cautious.
📍 Entry: 2,336.19–2,336.75 after a confirmed breakout and retest 🎯 TP1: 2,337.00 — beyond the visible chart range, so not confirmed as resistance 🎯 TP2: 2,371.52 — visible 24h high, but a substantial move away 🎯 TP3: No clear level available 🛑 Invalidation: Below 2,334.19 (MA60)
If price loses 2,334.19, I’d step away from this setup because the short-term recovery could weaken further.
My approach: Wait for confirmation instead of chasing the move. ETH is still at a decision point, and the next reaction matters more than the current bounce.
I’m watching ETH around 2,335 because the recent push toward 2,336.75 has started to fade. For me, the key question is whether buyers can regain momentum or if this rejection leads to another move lower.
Price is currently at 2,335.45, sitting slightly above the MA60 at 2,334.19. The chart shows a recovery from the recent local low, followed by a pullback from the local high. The latest candles in the volume panel are red, so I’d like to see buyers step back in before considering a bullish continuation.
The zone I’m watching is 2,336.19–2,336.75. A clean reclaim and hold above this area would make a move toward the visible 24h high more interesting. If price continues rejecting this zone, I’d stay cautious.
📍 Entry: 2,336.19–2,336.75 after a confirmed breakout and retest 🎯 TP1: 2,337.00 — beyond the visible chart range, so not confirmed as resistance 🎯 TP2: 2,371.52 — visible 24h high, but a substantial move away 🎯 TP3: No clear level available 🛑 Invalidation: Below 2,334.19 (MA60)
If price loses 2,334.19, I’d step away from this setup because the short-term recovery could weaken further.
My approach: Wait for confirmation instead of chasing the move. ETH is still at a decision point, and the next reaction matters more than the current bounce.