$ETH — Recovery momentum meets resistance
ETH Futures are around 2,488 USDT, down 0.051% over 24 hours. The latest 4H candle closed higher, rising from 2,476.54 to 2,486.41. The subsequent 1H candle reached 2,495.47 but closed at 2,491.99, indicating that the recent high has not been decisively breached.
🟢 Favor a bullish rebound if a 1H candle closes above 2,495.47. The next level to watch is 2,498.28, the high of the completed 4H candle. This view is invalidated if a 1H candle closes below 2,487.48. Wait for candle confirmation rather than chasing intrahour price moves.
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#ETH #Ethereum #Futures
ETH Futures are around 2,488 USDT, down 0.051% over 24 hours. The latest 4H candle closed higher, rising from 2,476.54 to 2,486.41. The subsequent 1H candle reached 2,495.47 but closed at 2,491.99, indicating that the recent high has not been decisively breached.
🟢 Favor a bullish rebound if a 1H candle closes above 2,495.47. The next level to watch is 2,498.28, the high of the completed 4H candle. This view is invalidated if a 1H candle closes below 2,487.48. Wait for candle confirmation rather than chasing intrahour price moves.
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#ETH #Ethereum #Futures