I'm looking at $ETH pushing steadily higher, currently trading at 2,423.56 right below its 24h high of 2,430.00 while riding cleanly above the MA60 line at 2,419.10. The short-term structure shows consistent higher lows, but momentum is stretching close to visible overhead resistance without strong volume expansion.
Price is consolidating right underneath the 2,430 daily ceiling. I'd like to see a minor pullback toward the rising MA60 support zone before considering a long, rather than chasing it directly into resistance. If price drops below the MA60 and breaks the recent local structure, this bullish continuation idea is invalidated.
Trade idea:
📍 Entry: 2,415 - 2,420
🎯 TP1: 2,430
🎯 TP2: 2,450
🎯 TP3: 2,475
🛑 Invalidation: 2,405
A drop below 2,405 completely breaks down the current lower-timeframe ascending structure and invalidates the setup.
Watching the reaction at the 24h high rather than forcing it.
Price is consolidating right underneath the 2,430 daily ceiling. I'd like to see a minor pullback toward the rising MA60 support zone before considering a long, rather than chasing it directly into resistance. If price drops below the MA60 and breaks the recent local structure, this bullish continuation idea is invalidated.
Trade idea:
📍 Entry: 2,415 - 2,420
🎯 TP1: 2,430
🎯 TP2: 2,450
🎯 TP3: 2,475
🛑 Invalidation: 2,405
A drop below 2,405 completely breaks down the current lower-timeframe ascending structure and invalidates the setup.
Watching the reaction at the 24h high rather than forcing it.