$ETH Ethereum continues trading below its descending 50-day moving average, reflecting persistent bearish momentum. Its current position near the $2,200–$2,248 support region makes this area important for monitoring a potential stabilization. Stable open interest and low positive funding suggest leveraged traders are not showing aggressive directional conviction yet.
📈 Bias: Bearish to Neutral | 🎯 Entry: $2,220–$2,250 | 🛡 Support: $2,200 / $2,248 | 🚧 Resistance: $2,268 / $2,363 | 🎯 Targets: $2,280 / $2,320 / $2,363 | ❌ Invalidation: $2,180
Strategy: Monitor support confirmation before considering a recovery entry; watch resistance for rejection.
#Ethereum #ETH #CryptoTrading #DeFi #Binance
📈 Bias: Bearish to Neutral | 🎯 Entry: $2,220–$2,250 | 🛡 Support: $2,200 / $2,248 | 🚧 Resistance: $2,268 / $2,363 | 🎯 Targets: $2,280 / $2,320 / $2,363 | ❌ Invalidation: $2,180
Strategy: Monitor support confirmation before considering a recovery entry; watch resistance for rejection.
#Ethereum #ETH #CryptoTrading #DeFi #Binance
