$EUL is still leaning bullish.
On 4H, price is holding above MA7, MA30 and MA200. RSI is strong, MACD is positive, and the 15m chart is not showing a real rejection after the rally. It’s tightening just below 1.209, which looks more like a continuation coil than a failed breakout.
News flow helps the case too: Binance already has EUL perpetuals live, and the new Concrete partnership strengthens the institutional DeFi narrative around Euler. The risks are still there — DeFi contagion and weaker sector liquidity are real — but the chart is not trading like a weak asset right now.
Bias: LONG
Entry: 1.178–1.186
SL: 1.158
TP1: 1.209
TP2: 1.235
TP3: 1.275
Above 1.209, momentum can expand fast.
As long as 1.17 holds, dips look buyable, not bearish.
#EUL #DeFi #Futures #Ethereum