$ETH weekly check
ETH is trading near 2,494 after a weekly candle that opened at 2,726.93 and is down 8.52% so far. The high tapped the zone between the 100 EMA (2,560) and the 100 SMA (2,757), and sellers pushed it back.
The candle still has about 2 days left, so this is a rejection in progress, not a confirmed one.
Scenario map:
📉 Weekly close below the 100 EMA: the 2,406 weekly low comes back into play.
Weekly close above the 100 EMA: structure holds and bulls get another shot at the SMA.
Reclaiming a level is one thing. Holding it on a close is another.
Verify first. Risk later. Scale slowly.
#ETH #Ethereum #CryptoAnalysis
ETH is trading near 2,494 after a weekly candle that opened at 2,726.93 and is down 8.52% so far. The high tapped the zone between the 100 EMA (2,560) and the 100 SMA (2,757), and sellers pushed it back.
The candle still has about 2 days left, so this is a rejection in progress, not a confirmed one.
Scenario map:
📉 Weekly close below the 100 EMA: the 2,406 weekly low comes back into play.
Weekly close above the 100 EMA: structure holds and bulls get another shot at the SMA.
Reclaiming a level is one thing. Holding it on a close is another.
Verify first. Risk later. Scale slowly.
#ETH #Ethereum #CryptoAnalysis