$ETH Update: Golden Cross Confirmed
Chart: 50MA crossed above the 200MA on the daily chart.
Key levels:
Current price: ~$2,500
Resistance: $2,600 (tested multiple times, not broken yet)
Prior range / liquidity zone: $1,800-$2,200
what this means:
Golden cross signals a bullish trend shift on the higher timeframe
Resistance at $2,600 is the immediate test
A rejection here could pull price back toward $1,800-$2,200, where heavy consolidation happened earlier this year
Takeaway: structure looks better than it did months ago. A clean break above $2,600 is what confirms it. Until then, this setup carries two-sided risk.
Verify first. Risk later. Scale slowly...
#ETH #BinanceSquare
Chart: 50MA crossed above the 200MA on the daily chart.
Key levels:
Current price: ~$2,500
Resistance: $2,600 (tested multiple times, not broken yet)
Prior range / liquidity zone: $1,800-$2,200
what this means:
Golden cross signals a bullish trend shift on the higher timeframe
Resistance at $2,600 is the immediate test
A rejection here could pull price back toward $1,800-$2,200, where heavy consolidation happened earlier this year
Takeaway: structure looks better than it did months ago. A clean break above $2,600 is what confirms it. Until then, this setup carries two-sided risk.
Verify first. Risk later. Scale slowly...
#ETH #BinanceSquare
