📉 ETH — CONTINUED DOWNWARD DRIFT & TEST OF LOCAL SUPPORT! 🔻
$ETH is trading lower at 2,334.89 (-0.38%, or roughly Rs646,367.60), moving within an active 24-hour range between a high of 2,370.79 and a low of 2,281.22. Price action on this 4-hour chart shows ongoing bearish pressure following the rejection from the 2,526.99 swing high, currently sitting just below the fast MA(7) (2,340.45), MA(25) (2,392.92), and macro structural MA(99) (2,441.58) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 2,250.00–2,320.00 (on volume absorption and confirmed support defense near recent lows)
🛑 STOP LOSS: 2,180.00
🎯 TP1: 2,420.00
🎯 TP2: 2,520.00
Are you watching for Ethereum to hold near the 2,280 support zone and trigger a recovery bounce, or looking for further downside extension? Let's discuss below! 👇
👉 Trade: $ETH
#Ethereum #ETH #cryptotrading #BinanceSquare #bearish
$ETH is trading lower at 2,334.89 (-0.38%, or roughly Rs646,367.60), moving within an active 24-hour range between a high of 2,370.79 and a low of 2,281.22. Price action on this 4-hour chart shows ongoing bearish pressure following the rejection from the 2,526.99 swing high, currently sitting just below the fast MA(7) (2,340.45), MA(25) (2,392.92), and macro structural MA(99) (2,441.58) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 2,250.00–2,320.00 (on volume absorption and confirmed support defense near recent lows)
🛑 STOP LOSS: 2,180.00
🎯 TP1: 2,420.00
🎯 TP2: 2,520.00
Are you watching for Ethereum to hold near the 2,280 support zone and trigger a recovery bounce, or looking for further downside extension? Let's discuss below! 👇
👉 Trade: $ETH
#Ethereum #ETH #cryptotrading #BinanceSquare #bearish
