ETH/USDT Weekly Resistance Analysis 📊
$ETH has bounced strongly from the recent low and is now approaching a key weekly resistance zone.
If this resistance area rejects the price, I expect some choppy price action in the short term before ETH potentially moves lower to retest the support zone below.
📌 Trade Setup
- Entry Zone: 2250–2270
- Bias: Bearish after confirmation of rejection
- Target: Support zone below
- Stop Loss: Above the resistance zone, depending on your risk management
- Timeframe: Short to Mid Term
🔑 Key Levels
Resistance: 2400–2500
Support: 2000–2050
I’ll be watching the price reaction around the weekly resistance closely. A clear rejection could provide a better short opportunity, while a strong breakout and hold above resistance would invalidate the bearish setup.
⚠️ Disclaimer: This is my personal market analysis and not financial advice. Always do your own research (DYOR) and manage your risk before entering any trade.
#ETH #ETHUSDT #Ethereum #Binance #Crypto #CryptoAnalysis #Trading #DYOR
$ETH has bounced strongly from the recent low and is now approaching a key weekly resistance zone.
If this resistance area rejects the price, I expect some choppy price action in the short term before ETH potentially moves lower to retest the support zone below.
📌 Trade Setup
- Entry Zone: 2250–2270
- Bias: Bearish after confirmation of rejection
- Target: Support zone below
- Stop Loss: Above the resistance zone, depending on your risk management
- Timeframe: Short to Mid Term
🔑 Key Levels
Resistance: 2400–2500
Support: 2000–2050
I’ll be watching the price reaction around the weekly resistance closely. A clear rejection could provide a better short opportunity, while a strong breakout and hold above resistance would invalidate the bearish setup.
⚠️ Disclaimer: This is my personal market analysis and not financial advice. Always do your own research (DYOR) and manage your risk before entering any trade.
#ETH #ETHUSDT #Ethereum #Binance #Crypto #CryptoAnalysis #Trading #DYOR