$ETH
Daily Technical Update: Major Support Test! 📉📈
Ethereum has experienced a sharp correction from the $2,650 - $2,700 resistance zone and is now testing a strong Daily Demand / Support Level around $2,350 - $2,400.
Here are the two key scenarios we are closely watching:
📌 Scenario A (Bullish Bounce / Relief Rally):
Plan: If $ETH holds the $2,350 support level and shows lower timeframe confirmation (like LTF Market Structure Shift or Double Bottom), we could see a bounce back toward $2,500 - $2,600.
📌 Scenario B (Breakdown & Sweep):
Plan: If selling pressure forces a daily close below $2,350, price might sweep lower liquidity toward the $2,250 - $2,300 zone before forming a bottom or continuing lower toward $2,150.
💡 Trading Insight:
At major support zones, patience is key! Do not rush into aggressive long positions without waiting for lower timeframe confirmation. Always manage your risk properly.
📌 Click the $ETH widget below to check live charts and set your limit orders!
#ETH #BinanceSquare #CryptoAnalysis #TechnicalAnalysis #TradingSetup
Daily Technical Update: Major Support Test! 📉📈
Ethereum has experienced a sharp correction from the $2,650 - $2,700 resistance zone and is now testing a strong Daily Demand / Support Level around $2,350 - $2,400.
Here are the two key scenarios we are closely watching:
📌 Scenario A (Bullish Bounce / Relief Rally):
Plan: If $ETH holds the $2,350 support level and shows lower timeframe confirmation (like LTF Market Structure Shift or Double Bottom), we could see a bounce back toward $2,500 - $2,600.
📌 Scenario B (Breakdown & Sweep):
Plan: If selling pressure forces a daily close below $2,350, price might sweep lower liquidity toward the $2,250 - $2,300 zone before forming a bottom or continuing lower toward $2,150.
💡 Trading Insight:
At major support zones, patience is key! Do not rush into aggressive long positions without waiting for lower timeframe confirmation. Always manage your risk properly.
📌 Click the $ETH widget below to check live charts and set your limit orders!
#ETH #BinanceSquare #CryptoAnalysis #TechnicalAnalysis #TradingSetup