$ETH LONG WATCH 👀📈 — Breakout Setup or Rejection?
Ethereum is showing signs of short-term strength! ETH is trading around $2,434.66, recovering strongly from the $2,329 low shown on the 1H chart.
Here’s what I’m watching:
🟢 Resistance: $2,438–$2,444
🔵 Support: $2,425–$2,428
🛡️ Stronger support: $2,400–$2,407
📈 LONG scenario: If ETH closes above $2,440 on the 15-minute chart with stronger volume, a confirmed breakout could open the way toward $2,450 and potentially $2,465.
📉 Risk scenario: If ETH gets rejected and loses $2,425, the price could pull back toward $2,407–$2,400.
My strategy: I’m watching for confirmation rather than entering just because the candles are green. The 1H trend looks stronger, but the latest volume is not especially convincing.
No blind entries. Define your invalidation level and risk before taking any trade.
Traders, are you waiting for an ETH breakout above $2,440, or do you expect a pullback first?
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