📉 ETH — BASEBUILDING & MOVING AVERAGE COMPRESSION! 🔻
$ETH (Ethereum) is trading lower at 2,505.85 (-0.23%, or roughly Rs693,945.04), moving within a narrow 24-hour range between a high of 2,518.49 and a low of 2,496.12. Price action on this 4-hour chart displays a consolidation phase following the bounce off the 2,405.07 swing low base, currently hovering right along the fast MA(7) (2,505.16) and pressing just under the MA(25) (2,508.67), while remaining capped below the macro structural MA(99) (2,643.40) band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 2,520.00–2,580.00 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 2,625.00
🎯 TP1: 2,420.00
🎯 TP2: 2,350.00
Are you watching for a sustained recovery bounce on Ethereum from these levels, or expecting another rejection near the MA(25)? Let's discuss below! 👇
👉 Trade: $ETH
#ETH #Ethereum #cryptotrading #BinanceSquare #bearish
$ETH (Ethereum) is trading lower at 2,505.85 (-0.23%, or roughly Rs693,945.04), moving within a narrow 24-hour range between a high of 2,518.49 and a low of 2,496.12. Price action on this 4-hour chart displays a consolidation phase following the bounce off the 2,405.07 swing low base, currently hovering right along the fast MA(7) (2,505.16) and pressing just under the MA(25) (2,508.67), while remaining capped below the macro structural MA(99) (2,643.40) band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 2,520.00–2,580.00 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 2,625.00
🎯 TP1: 2,420.00
🎯 TP2: 2,350.00
Are you watching for a sustained recovery bounce on Ethereum from these levels, or expecting another rejection near the MA(25)? Let's discuss below! 👇
👉 Trade: $ETH
#ETH #Ethereum #cryptotrading #BinanceSquare #bearish