**WHY THIS SETUP?** 📊 1. **4H Bias:** ETH is maintaining a short-term uptrend structure; the current price is above a strong SUPPORT zone at $1,512.00. 2. **Short-term TF:** Price is approaching the RESISTANCE ZONE at $1,833.40. If this level breaks, ETH will open the way for the next growth leg. 3. **Indicators:** - RSI is in a neutral area, indicating there’s still room for upside before hitting the overbought zone. - ATR shows volatility is tightening, signaling a Breakout is likely coming soon.
Strategy: Go LONG when price retests the Entry zone or when it clearly breaks the RESISTANCE $1,833.40 to optimize profit. 🎯
Do you think ETH will break $1,833.40 this week, or will it pull back to test SUPPORT $1,512.00 first? 🛡️
As of July 08, 2026, selling pressure is spreading as both BTC and major altcoins are trading in the red. The current focus is ETH, priced at $1,727.79 (down 3.77% in the last 24 hours).
Looking at the chart, ETH is in a short-term correction phase but still working to maintain momentum. Currently, ETH is fluctuating within a SENSITIVE PRICE ZONE. If it manages to hold the SUPPORT at $1,512.00, ETH will have a premise to rebound. However, pressure from RESISTANCE at $1,833.40 is still very strong, requiring an even stronger buying force to break through. Expectations for next week: if BTC stabilizes, ETH should soon return to test higher levels.
Besides ETH, SOL is another notable altcoin with a deeper drop (-6.12%), currently at $76.96. This could be an opportunity for those looking to buy the dip when SOL approaches the SUPPORT PRICE ZONE at $64.04.
Overall, the market is in a “clean-up” cycle. Discipline and setting a stop-loss are critical right now. Are you accumulating more or standing aside to watch? 🔥