If you're still chasing $ETH after a 31% weekly move without watching the Weekly MA 200, stop now.
Too many traders buy the breakout late, then panic at the first rejection. Others wait for perfect confirmation and miss the move entirely.
$ETH is now testing the Weekly MA 200 near $2.5K, and that level matters more than the headline pump. If it holds, the next upside zone opens toward $2.8K to $3.4K.
The bearish case is real too. Lose this area and $1.9K comes into play fast, with $1.5K as the major support below it. My view is simple: this is a confirmation trade, not a chase trade. Let $ETH prove the trend, especially if $BTC and $SOL keep the broader market bid.
Are you treating this as a reversal setup or a bull trap?
#Ethereum #ETH #AltcoinSeason
Too many traders buy the breakout late, then panic at the first rejection. Others wait for perfect confirmation and miss the move entirely.
$ETH is now testing the Weekly MA 200 near $2.5K, and that level matters more than the headline pump. If it holds, the next upside zone opens toward $2.8K to $3.4K.
The bearish case is real too. Lose this area and $1.9K comes into play fast, with $1.5K as the major support below it. My view is simple: this is a confirmation trade, not a chase trade. Let $ETH prove the trend, especially if $BTC and $SOL keep the broader market bid.
Are you treating this as a reversal setup or a bull trap?
#Ethereum #ETH #AltcoinSeason
