#SECPausesNewETFApplicationReview 1H Right now, ETH is looking a bit weak on the timeframe 📉
According to what the chart is showing:
Current price ≈ 2131
Strong support: 2125 – 2120
Next support: 2105
Resistance: 2138 – 2148
Strong resistance: 2157
There’s pressure below the MA lines, and the last candlesticks are bearish, so it seems there’s more sell pressure at the moment.
If:
2120 breaks ➝ ETH could drop to 2105.
If it sustains above 2140 ➝ then a retest of 2150–2157 is possible 🚀
Scalping idea 👇
📌 Buy zone:
Near 2120–2125
SL: 2104
Targets: 2140 / 2155
📌 Sell zone:
If 2120 breaks strongly
Target: 2110–2105
Right now, safest wait: 👉 2140 breakout or 2120 breakdown confirmation.$ETH
According to what the chart is showing:
Current price ≈ 2131
Strong support: 2125 – 2120
Next support: 2105
Resistance: 2138 – 2148
Strong resistance: 2157
There’s pressure below the MA lines, and the last candlesticks are bearish, so it seems there’s more sell pressure at the moment.
If:
2120 breaks ➝ ETH could drop to 2105.
If it sustains above 2140 ➝ then a retest of 2150–2157 is possible 🚀
Scalping idea 👇
📌 Buy zone:
Near 2120–2125
SL: 2104
Targets: 2140 / 2155
📌 Sell zone:
If 2120 breaks strongly
Target: 2110–2105
Right now, safest wait: 👉 2140 breakout or 2120 breakdown confirmation.$ETH