⚠️ $ETH /USDT is at a decision point — and I’m watching the MA60 closely.
Price is currently 2,510.97, after a sharp drop toward 2,507.29 followed by a rebound. What caught my attention is that the recovery is now pushing into a descending trendline, while price remains slightly below the visible MA60 at 2,511.45.
📍 Key support: 2,507.29, with 2,509.12 acting as an important nearby level.
🔺 Resistance: 2,511.45–2,512.76, followed by 2,514.58.
For me, the setup becomes more interesting if ETH can reclaim 2,511.45 and then push cleanly through 2,512.76 while holding the breakout. That would suggest the short-term rebound is gaining strength.
On the other hand, rejection around the MA60/trendline area and a move back below 2,509.12 would weaken the recovery, putting 2,507.29 back in focus.
I’m not chasing the bounce here. I’d rather see confirmation at the visible resistance before considering an entry. 👀📊
Volume is also showing mixed activity, so confirmation matters more than anticipation.
Price is currently 2,510.97, after a sharp drop toward 2,507.29 followed by a rebound. What caught my attention is that the recovery is now pushing into a descending trendline, while price remains slightly below the visible MA60 at 2,511.45.
📍 Key support: 2,507.29, with 2,509.12 acting as an important nearby level.
🔺 Resistance: 2,511.45–2,512.76, followed by 2,514.58.
For me, the setup becomes more interesting if ETH can reclaim 2,511.45 and then push cleanly through 2,512.76 while holding the breakout. That would suggest the short-term rebound is gaining strength.
On the other hand, rejection around the MA60/trendline area and a move back below 2,509.12 would weaken the recovery, putting 2,507.29 back in focus.
I’m not chasing the bounce here. I’d rather see confirmation at the visible resistance before considering an entry. 👀📊
Volume is also showing mixed activity, so confirmation matters more than anticipation.