I’m looking at $ETH /USDT around 2,501.33, and the short-term move looks like a recovery from the recent 2,497.06 low. Price is stabilizing, but it’s still below the visible MA60 at 2,508.75, so I’m not treating this as a confirmed bullish move yet.
For me, the first area to watch is 2,504.07. A clean move above that level would make the setup more interesting, especially if price can continue toward the MA60 area. If ETH gets rejected again, the recent low remains the key downside reference.
📍 Entry: 2,500–2,502
🎯 TP1: 2,504.07
🎯 TP2: 2,507.57
🎯 TP3: 2,511.07
🛑 Invalidation: 2,497.06
I’d like to see price hold around the current area and push through 2,504.07 before considering the setup stronger. The main concern is that the MA60 is sloping downward, which keeps resistance overhead.
If price loses 2,497.06, I’d step away from this setup because that would break the visible recent low.
For now, I’m watching the reaction around 2,504.07 rather than assuming the recovery will continue.
For me, the first area to watch is 2,504.07. A clean move above that level would make the setup more interesting, especially if price can continue toward the MA60 area. If ETH gets rejected again, the recent low remains the key downside reference.
📍 Entry: 2,500–2,502
🎯 TP1: 2,504.07
🎯 TP2: 2,507.57
🎯 TP3: 2,511.07
🛑 Invalidation: 2,497.06
I’d like to see price hold around the current area and push through 2,504.07 before considering the setup stronger. The main concern is that the MA60 is sloping downward, which keeps resistance overhead.
If price loses 2,497.06, I’d step away from this setup because that would break the visible recent low.
For now, I’m watching the reaction around 2,504.07 rather than assuming the recovery will continue.
