Candle breakdown on $ETH (4H):
Ethereum swept overhead liquidity toward $2,318 before forming an upper wick rejection candle, pulling price back to $2,283 (+0.7% 24h, -1.7% 7d).
Key Levels:
• Resistance: $2,318 - $2,330 (breakdown zone turned supply)
• Support: $2,248 - $2,255
• Major Floor: $2,174 (swing low)
With 7d trend still negative, this long wick signals active seller defense above $2,300. Holding $2,250 is vital to prevent another test of $2,174.
Will $ETH hold $2,250 or sweep lower?
#ETH #Crypto #Trading
Ethereum swept overhead liquidity toward $2,318 before forming an upper wick rejection candle, pulling price back to $2,283 (+0.7% 24h, -1.7% 7d).
Key Levels:
• Resistance: $2,318 - $2,330 (breakdown zone turned supply)
• Support: $2,248 - $2,255
• Major Floor: $2,174 (swing low)
With 7d trend still negative, this long wick signals active seller defense above $2,300. Holding $2,250 is vital to prevent another test of $2,174.
Will $ETH hold $2,250 or sweep lower?
#ETH #Crypto #Trading
