While the market is still looking for a clear direction, $ETH is balancing in the $2,410 – $2,440 range. Buyers are desperately trying to hold above local resistance levels. What should traders do right now?
🟢 LONG Scenario (Preferred)Technically, ETH is holding an important psychological support at $2,400. On the daily timeframe, there’s visible accumulation of strength.
Entry: $2,405 – $2,420
Targets: $2,545, $2,614
Stop-loss: $2,355
🔴 SHORT Scenario (Alternative)On the 4-hour charts, there are signs of local overbought conditions, and above $2,465 there is a dense wall of sell orders.
The trend breakdown will occur if the price drops below $2,350.
Entry: on a break of the $2,350 level
Targets: $2,280, $2,160
Summary: The Funding Rate is positive, but low—no overheating.
Over the day, shorts were liquidated for $45+ million. It’s safer to look for Long entry points from support, but be sure to use a short stop!
What position are you opening? Share your take-profits in the comments! 👇
🟢 LONG Scenario (Preferred)Technically, ETH is holding an important psychological support at $2,400. On the daily timeframe, there’s visible accumulation of strength.
Entry: $2,405 – $2,420
Targets: $2,545, $2,614
Stop-loss: $2,355
🔴 SHORT Scenario (Alternative)On the 4-hour charts, there are signs of local overbought conditions, and above $2,465 there is a dense wall of sell orders.
The trend breakdown will occur if the price drops below $2,350.
Entry: on a break of the $2,350 level
Targets: $2,280, $2,160
Summary: The Funding Rate is positive, but low—no overheating.
Over the day, shorts were liquidated for $45+ million. It’s safer to look for Long entry points from support, but be sure to use a short stop!
What position are you opening? Share your take-profits in the comments! 👇