#SECPausesNewETFApplicationReview 1H Right now, ETH is looking a bit weak on the timeframe ๐
According to what the chart is showing:
Current price โ 2131
Strong support: 2125 โ 2120
Next support: 2105
Resistance: 2138 โ 2148
Strong resistance: 2157
Thereโs pressure below the MA lines, and the last candlesticks are bearish, so it seems thereโs more sell pressure at the moment.
If:
2120 breaks โ ETH could drop to 2105.
If it sustains above 2140 โ then a retest of 2150โ2157 is possible ๐
Scalping idea ๐
๐ Buy zone:
Near 2120โ2125
SL: 2104
Targets: 2140 / 2155
๐ Sell zone:
If 2120 breaks strongly
Target: 2110โ2105
Right now, safest wait: ๐ 2140 breakout or 2120 breakdown confirmation.$ETH
According to what the chart is showing:
Current price โ 2131
Strong support: 2125 โ 2120
Next support: 2105
Resistance: 2138 โ 2148
Strong resistance: 2157
Thereโs pressure below the MA lines, and the last candlesticks are bearish, so it seems thereโs more sell pressure at the moment.
If:
2120 breaks โ ETH could drop to 2105.
If it sustains above 2140 โ then a retest of 2150โ2157 is possible ๐
Scalping idea ๐
๐ Buy zone:
Near 2120โ2125
SL: 2104
Targets: 2140 / 2155
๐ Sell zone:
If 2120 breaks strongly
Target: 2110โ2105
Right now, safest wait: ๐ 2140 breakout or 2120 breakdown confirmation.$ETH