2026.8.28 ETH intraday ideas
ETH today continues to trade in a tight range around 2500. After a push up to 2547 and then a pullback, the price did not break down further. Instead, it keeps changing hands at high levels.
The prior upswing has already formed the trend. Now, for several consecutive days, it has been consolidating around 2500, which seems more like it is digesting the earlier profits.
I believe that as long as the EMA20 around 2460 is not effectively broken to the downside, the 4H uptrend structure remains intact.
At the moment, I actually wouldn’t be in a hurry to look for shorts. If there is a breakout above 2547 on increased volume, and a subsequent pullback confirms it does not break, then the next targets would be 2600 → 2700.
ETH today continues to trade in a tight range around 2500. After a push up to 2547 and then a pullback, the price did not break down further. Instead, it keeps changing hands at high levels.
The prior upswing has already formed the trend. Now, for several consecutive days, it has been consolidating around 2500, which seems more like it is digesting the earlier profits.
I believe that as long as the EMA20 around 2460 is not effectively broken to the downside, the 4H uptrend structure remains intact.
At the moment, I actually wouldn’t be in a hurry to look for shorts. If there is a breakout above 2547 on increased volume, and a subsequent pullback confirms it does not break, then the next targets would be 2600 → 2700.
