đ $ETH $2,400-$2,500 Is the Line in the Sand
ETH is trading around $2,512, up 1.50% in 24h. It faced resistance near $2,700 and pulled back into the $2,400-$2,500 range. Holding $2,400 is crucial to maintain the recovery structure from the June lows near $1,500.
Trade Logic:
Momentum is subdued. Above $2,700 opens the door to $3,000. Below $2,400 shifts focus to $2,000-$2,200 where key MAs sit. ETH also saw the largest single-asset liquidation in 24h at $5.19M â 91% were shorts.
Key Levels:
âą Critical Support: $2,400 (break = structural weakening)
âą First Target: $2,700
âą Deeper Support: $2,000-$2,200
â ïž Liquidity is thin (volumes down 58%) â sharp moves likely. Wait for confirmation, don't catch the exact turn.
#ETH #TradingSignal $ETH
ETH is trading around $2,512, up 1.50% in 24h. It faced resistance near $2,700 and pulled back into the $2,400-$2,500 range. Holding $2,400 is crucial to maintain the recovery structure from the June lows near $1,500.
Trade Logic:
Momentum is subdued. Above $2,700 opens the door to $3,000. Below $2,400 shifts focus to $2,000-$2,200 where key MAs sit. ETH also saw the largest single-asset liquidation in 24h at $5.19M â 91% were shorts.
Key Levels:
âą Critical Support: $2,400 (break = structural weakening)
âą First Target: $2,700
âą Deeper Support: $2,000-$2,200
â ïž Liquidity is thin (volumes down 58%) â sharp moves likely. Wait for confirmation, don't catch the exact turn.
#ETH #TradingSignal $ETH