I’m watching $ETH /USDT around 2,706, and the short-term chart looks weak after price slipped back below the MA60 at 2,707.70. For me, this isn’t a clean chase setup yet.
The key area is 2,707.70–2,709.34. I’d want price to reclaim and hold this zone before considering a long. If buyers manage that, the visible 2,712.13 24h high becomes the next area to watch.
📍 Entry: 2,707.70–2,709.34
🎯 TP1: 2,712.13
🎯 TP2: Not clearly justified from the visible short-term structure
🛑 Invalidation: 2,706.00
If price loses 2,706.00, I’d step away from this setup because the chart is already showing weakness below the MA60, and there isn’t enough visible structure here to justify inventing a lower target.
Volume shows a noticeable spike during the earlier move, but activity has cooled afterward. That makes confirmation even more important for me.
I’m watching the reaction around 2,707.70 rather than forcing an entry. Reclaim first, then I’ll look for continuation.
The key area is 2,707.70–2,709.34. I’d want price to reclaim and hold this zone before considering a long. If buyers manage that, the visible 2,712.13 24h high becomes the next area to watch.
📍 Entry: 2,707.70–2,709.34
🎯 TP1: 2,712.13
🎯 TP2: Not clearly justified from the visible short-term structure
🛑 Invalidation: 2,706.00
If price loses 2,706.00, I’d step away from this setup because the chart is already showing weakness below the MA60, and there isn’t enough visible structure here to justify inventing a lower target.
Volume shows a noticeable spike during the earlier move, but activity has cooled afterward. That makes confirmation even more important for me.
I’m watching the reaction around 2,707.70 rather than forcing an entry. Reclaim first, then I’ll look for continuation.