ETH is currently trading around the $2,400 โ $2,450 zone, maintaining a short-term consolidation structure as buyers and sellers battle for momentum.
Key Technical Levels Support: $2,400 (immediate psychological support) and $2,290 - $2,350 (strong support cluster). Resistance: $2,550 (50-week MA) followed by $2,600.
Market Scenarios ๐ Bullish Scenario: If $ETH breaks and holds firmly above the $2,550 resistance with solid trading volume, it could trigger a trend continuation toward $2,800 โ $2,920. ๐ Bearish Scenario: Failing to defend the $2,400 support level could cause a drop toward $2,290, with further weakness opening the door down to the $2,160 area.
โ ๏ธ Risk Warning: Crypto markets are highly volatile. Leverage responsibly, always use strict Stop-Losses, and never risk more than you can afford to lose. This is not financial advice! Whatโs your play on $ETH this weekโare you accumulating or waiting for a breakout confirmation? Drop your thoughts below! ๐#BinanceSquareTalks #ETH #Binance #Market_Update
๐จ $BTC DAILY MARKET UPDATE โ SEPTEMBER 4 ๐จ
Bitcoin is back above the $80K level after a strong recovery from the $76Kโ$77K area. Bulls are showing strength, but this is also an important decision zone.
๐ Key Levels to Watch
๐ข Support: $78,000โ$77,000 ๐ข Major Support: $75,500โ$76,000 ๐ด Resistance: $82,000โ$83,000 ๐ด Major Resistance: $85,000+
๐ Bullish Scenario: If $BTC holds above $80K and successfully breaks $82Kโ$83K with strong volume, the next potential zones to watch are around $85K and then $90K.
๐ป Bearish Scenario: If BTC fails to hold $80K and falls back below $77K, short-term selling pressure could increase, with $75K becoming an important level.
๐ก My View: The short-term structure has improved, but I would avoid chasing a sudden green candle. Confirmation, volume and risk management are more important than predicting the next candle.
โ ๏ธ Risk Warning: Crypto markets are highly volatile. These are market scenarios, not guaranteed predictions. Always do your own research and manage your risk.
What do you think? ๐ ๐ Bullish above $83K or ๐ป Bearish below $77K?
#BinanceSquareFamily Also Binance will soon stop providing services in all european countries , So better withdrwa all your funds from binance if you're in europe or you have european based account
Bitcoin Will soon give a breakout then everyone will start buying , that time i will be preparing for short positions and my TP will be 54k , remember ! It will be low risk tradeBitcoinTests$58000#ModernaRisesOver12% $BTC