$ETH is down 1.90% and testing the $2,400 area amid a bearish daily MACD crossover and trading below its 20-day EMA. Compressed funding suggests leveraged positioning has cooled, but sustained ETF outflows remain a reported headwind. A defensive bounce is possible, though support failure would increase downside risk.
đ Bias: Bearish / Local Weakness | đŻ Entry: $2,380â$2,405 | đĄ Support: $2,396 / $2,350 | đ§ Resistance: $2,482 / $2,560 | đŻ Targets: $2,460 / $2,520 / $2,560 | â Invalidation: Clean hourly close below $2,350
Strategy: Wait for support confirmation before considering a defensive long; avoid treating the retest alone as a reversal signal.
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #BinanceSquare
đ Bias: Bearish / Local Weakness | đŻ Entry: $2,380â$2,405 | đĄ Support: $2,396 / $2,350 | đ§ Resistance: $2,482 / $2,560 | đŻ Targets: $2,460 / $2,520 / $2,560 | â Invalidation: Clean hourly close below $2,350
Strategy: Wait for support confirmation before considering a defensive long; avoid treating the retest alone as a reversal signal.
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #BinanceSquare