๐ฌ Under the microscope today: $ETH
Observed event: A bullish price surge. The current price is $2,207.09, and the change over the past hour is +5.00%.
Relative volume is 8.09x, and RSI on 15m is 94.00.
Holding above the EMA20 at $2,094.3 supports continuation of the follow-up.
Near support: $1,894. Near resistance: $2,115.
Quick lesson: Market Structure
Market structure starts from highs and lows. A higher high and a higher low indicate strength, and a break of the key low changes how we read the move.
The best read here comes from two scenarios: continuation if price acceptance and volume appear, or rejection if the price fails to hold the zone.
Write the coin you want analyzed in the next post.
Educational and analytical content, not financial advice.
#BTC #ETH #cryptouniverseofficial #CryptoTrends2024
Observed event: A bullish price surge. The current price is $2,207.09, and the change over the past hour is +5.00%.
Relative volume is 8.09x, and RSI on 15m is 94.00.
Holding above the EMA20 at $2,094.3 supports continuation of the follow-up.
Near support: $1,894. Near resistance: $2,115.
Quick lesson: Market Structure
Market structure starts from highs and lows. A higher high and a higher low indicate strength, and a break of the key low changes how we read the move.
The best read here comes from two scenarios: continuation if price acceptance and volume appear, or rejection if the price fails to hold the zone.
Write the coin you want analyzed in the next post.
Educational and analytical content, not financial advice.
#BTC #ETH #cryptouniverseofficial #CryptoTrends2024