$ETH is trading at $2,232.62, down 3.50%, with approximately $18.2B in 24-hour volume. Price recently approached a two-month low near $2,178 before attempting a modest recovery. However, the supplied analysis highlights overhead supply and reduced open interest following aggressive long liquidations. Traders should monitor the $2,260ā$2,290 zone for potential resistance rejection before considering bearish continuation.
š Bias: Bearish Structure | šÆ Entry: $2,260ā$2,290 | š” Support: $2,180 / $2,120 | š§ Resistance: $2,310 / $2,380 | šÆ Targets: $2,210 / $2,160 / $2,100 | ā Invalidation: 4H close above $2,330
Strategy: Look for short-side confirmation around the entry zone. A sustained move above the invalidation level weakens the bearish setup.
#Ethereum #ETH #CryptoAnalysis #EthereumTrading #BinanceSquare
š Bias: Bearish Structure | šÆ Entry: $2,260ā$2,290 | š” Support: $2,180 / $2,120 | š§ Resistance: $2,310 / $2,380 | šÆ Targets: $2,210 / $2,160 / $2,100 | ā Invalidation: 4H close above $2,330
Strategy: Look for short-side confirmation around the entry zone. A sustained move above the invalidation level weakens the bearish setup.
#Ethereum #ETH #CryptoAnalysis #EthereumTrading #BinanceSquare
