$ETH — Selling pressure returns
ETH Futures at 2,560.80 USDT, down 1.889% in 24 hours. The last two 1H candles closed lower consecutively; the latest closed at 2,561.42 after touching a low of 2,543.15, showing that the earlier rebound had weakened.
🔴 Favor the downside if a 1H candle closes below 2,543.15. The next level to watch is 2,535.19, the low of the previous closed 4H candle. This view is invalidated if a 1H candle closes above 2,574.20, the high of the latest closed 1H candle. Wait for confirmation; avoid chasing intrahour swings.
Personal observation, not a recommendation. Risk 1%; always use a stop.
#ETH #Ethereum #Futures
ETH Futures at 2,560.80 USDT, down 1.889% in 24 hours. The last two 1H candles closed lower consecutively; the latest closed at 2,561.42 after touching a low of 2,543.15, showing that the earlier rebound had weakened.
🔴 Favor the downside if a 1H candle closes below 2,543.15. The next level to watch is 2,535.19, the low of the previous closed 4H candle. This view is invalidated if a 1H candle closes above 2,574.20, the high of the latest closed 1H candle. Wait for confirmation; avoid chasing intrahour swings.
Personal observation, not a recommendation. Risk 1%; always use a stop.
#ETH #Ethereum #Futures