$ETH Ethereum loses 3.55%… Will buyers defend the $2,000 barrier, or is a new downtrend beginning?
The most dangerous moment in trading may be when the price seems low enough to buy, while selling pressure remains in control.
Ethereum (ETH) faces an important test today amid a broader decline in the cryptocurrency market.
Conditional spot trade scenario
Entry: No immediate buying. Wait for a four-hour candle to close above the latest lower high, then look for a successful retest accompanied by improving trading volume.
First target: The nearest confirmed resistance on the chart after the breakout is confirmed.
Second target: The next resistance, provided positive momentum continues.
Stop-loss: Below the retest low, with the position size set so that the potential loss does not exceed a small percentage of the capital.
The most dangerous moment in trading may be when the price seems low enough to buy, while selling pressure remains in control.
Ethereum (ETH) faces an important test today amid a broader decline in the cryptocurrency market.
Conditional spot trade scenario
Entry: No immediate buying. Wait for a four-hour candle to close above the latest lower high, then look for a successful retest accompanied by improving trading volume.
First target: The nearest confirmed resistance on the chart after the breakout is confirmed.
Second target: The next resistance, provided positive momentum continues.
Stop-loss: Below the retest low, with the position size set so that the potential loss does not exceed a small percentage of the capital.