ETH Looks Shaky After That Weekly Close 📉
The weekly candle closed under 2400 again, and TedPillows is watching a possible move to 2200 if buyers cannot reclaim 2350 quickly.
🗣 Original view from TedPillows
He notes the close below 2400 and says price is now under 2350, with a drop to 2200 possible if that level is not reclaimed soon.
🔥 Why the weakness stands out
- Price is pressing the lower side of the marked support zone on the weekly chart.
- No strong bounce or reclaim candle has appeared yet.
- The chart still shows room down toward the 2200-2195 area before the next major support.
🎯 My trade idea
- Bias: Cautious short until proof of strength.
- Trigger: Rejection or failed hold under 2350.
- Entry zone estimate: 2315-2345 on a bounce that fails.
- TP1 around 2200, TP2 near 2195 if sellers stay active.
- Invalidation: Strong close back above 2400.
- Subjective chance of hitting the 2200 zone before invalidation sits near 55-65% if the reclaim does not happen.
Where do you see the next real support if this continues? 👇
Share your cleanest risk line for this setup.
Not investment advice - research on your own! 🚀
$ETH
The weekly candle closed under 2400 again, and TedPillows is watching a possible move to 2200 if buyers cannot reclaim 2350 quickly.
🗣 Original view from TedPillows
He notes the close below 2400 and says price is now under 2350, with a drop to 2200 possible if that level is not reclaimed soon.
🔥 Why the weakness stands out
- Price is pressing the lower side of the marked support zone on the weekly chart.
- No strong bounce or reclaim candle has appeared yet.
- The chart still shows room down toward the 2200-2195 area before the next major support.
🎯 My trade idea
- Bias: Cautious short until proof of strength.
- Trigger: Rejection or failed hold under 2350.
- Entry zone estimate: 2315-2345 on a bounce that fails.
- TP1 around 2200, TP2 near 2195 if sellers stay active.
- Invalidation: Strong close back above 2400.
- Subjective chance of hitting the 2200 zone before invalidation sits near 55-65% if the reclaim does not happen.
Where do you see the next real support if this continues? 👇
Share your cleanest risk line for this setup.
Not investment advice - research on your own! 🚀
$ETH
