$ETH Update: Stuck Below Supertrend, Bulls Defending the $2,034 Wick 🔷
Ethereum (ETHUSDT Perp) is trading around $2,053.06, down -0.58% in the last 24 hours. The 24h range is $2,034.55 to $2,103.62, with strong volume of about $6.27B USDT.
Short-term view (1h chart):
• Price rejected from $2,103.62, dipped to $2,034.55, and is now consolidating around $2,050
• Supertrend is bearish at $2,098.77, acting as strong overhead resistance
• RSI(6) is at 38.7, leaning bearish but not oversold
• Resistance: $2,062.42, then $2,078.08 and $2,098.77
• Support: $2,046.76, then $2,034.55 and $2,031.09
Bigger picture:
• Today: -1.42%
• 7 Days: -15.23%
• 30 Days: -18.31%
• 90 Days: +8.94%
• 180 Days: -7.81%
• 1 Year: -40.79%
ETH is still under heavy pressure on the weekly and monthly view, with a steep 7-day decline. The long lower wick near $2,034 shows buyers are defending this zone, but sellers keep control until price reclaims the Supertrend line. The $2,000 psychological level is the next major area to watch if support breaks.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $2,040 - $2,055 (confirm with a green 1h candle)
• Stop Loss: $2,022
• TP1: $2,078
• TP2: $2,099
• Risk-Reward: approx. 1:2
Short (breakdown play):
• Entry: Below $2,030 with a 1h candle close
• Stop Loss: $2,052
• TP1: $2,005
• TP2: $1,980
Invalidation: For longs, a 1h close below $2,031 cancels the bounce setup. For shorts, a strong 1h close above $2,078 invalidates the breakdown.
Wait for candle closes, keep position size small, and use low leverage on futures.
Will ETH hold $2,034 or slip toward $2,000? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#ETH #cryptotrading #TradingSignals #Layer1 #BinanceSquare
$BTC
$SOL
Ethereum (ETHUSDT Perp) is trading around $2,053.06, down -0.58% in the last 24 hours. The 24h range is $2,034.55 to $2,103.62, with strong volume of about $6.27B USDT.
Short-term view (1h chart):
• Price rejected from $2,103.62, dipped to $2,034.55, and is now consolidating around $2,050
• Supertrend is bearish at $2,098.77, acting as strong overhead resistance
• RSI(6) is at 38.7, leaning bearish but not oversold
• Resistance: $2,062.42, then $2,078.08 and $2,098.77
• Support: $2,046.76, then $2,034.55 and $2,031.09
Bigger picture:
• Today: -1.42%
• 7 Days: -15.23%
• 30 Days: -18.31%
• 90 Days: +8.94%
• 180 Days: -7.81%
• 1 Year: -40.79%
ETH is still under heavy pressure on the weekly and monthly view, with a steep 7-day decline. The long lower wick near $2,034 shows buyers are defending this zone, but sellers keep control until price reclaims the Supertrend line. The $2,000 psychological level is the next major area to watch if support breaks.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $2,040 - $2,055 (confirm with a green 1h candle)
• Stop Loss: $2,022
• TP1: $2,078
• TP2: $2,099
• Risk-Reward: approx. 1:2
Short (breakdown play):
• Entry: Below $2,030 with a 1h candle close
• Stop Loss: $2,052
• TP1: $2,005
• TP2: $1,980
Invalidation: For longs, a 1h close below $2,031 cancels the bounce setup. For shorts, a strong 1h close above $2,078 invalidates the breakdown.
Wait for candle closes, keep position size small, and use low leverage on futures.
Will ETH hold $2,034 or slip toward $2,000? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#ETH #cryptotrading #TradingSignals #Layer1 #BinanceSquare
$BTC
$SOL
