$ETH â 1H đ
ETH just lost $2.7K⊠but the real question is whether this dip becomes a reset or a deeper move.
The chart has clearly cooled off after rejecting $2,789. ETH is now around $2,667, below the $2,729 Supertrend, so buyers need to reclaim that level before the structure starts looking clean again.
Key levels:
đŽ Resistance: $2,695 â $2,729 â $2,789
đą Support: $2,635 â $2,600
My setup:
Long only after reclaim: $2,700â$2,730
SL: $2,665
TP1: $2,789
TP2: $2,825
TP3: $2,900
If $2,635 breaks, Iâd stay patient and wait for a fresh base rather than forcing a long.
Interesting part: the order book shows around 80% bids, so there is visible buying interest around the current price, but the chart still needs a proper reclaim.
Reuters also noted ETH had recently broken above a key $2,661.52 level, making this area worth watching closely.
Bias: neutral until $2,729 is reclaimed.
#ETH
ETH just lost $2.7K⊠but the real question is whether this dip becomes a reset or a deeper move.
The chart has clearly cooled off after rejecting $2,789. ETH is now around $2,667, below the $2,729 Supertrend, so buyers need to reclaim that level before the structure starts looking clean again.
Key levels:
đŽ Resistance: $2,695 â $2,729 â $2,789
đą Support: $2,635 â $2,600
My setup:
Long only after reclaim: $2,700â$2,730
SL: $2,665
TP1: $2,789
TP2: $2,825
TP3: $2,900
If $2,635 breaks, Iâd stay patient and wait for a fresh base rather than forcing a long.
Interesting part: the order book shows around 80% bids, so there is visible buying interest around the current price, but the chart still needs a proper reclaim.
Reuters also noted ETH had recently broken above a key $2,661.52 level, making this area worth watching closely.
Bias: neutral until $2,729 is reclaimed.
#ETH
