📈 ETH IS HOLDING A LONG TERM SUPPORT
Ethereum is trading near 2,279 after bouncing from the rising monthly trendline around 1,600. The broader range remains intact, with 4,900-5,000 as major resistance.
📊 MARKET STRUCTURE
The rising trendline has connected major lows since 2022. Price recently tested that support and reacted higher. Above the market, 2,400 is the first level I want reclaimed, followed by 2,800 and 3,200.
🎯 REACTION MAP
- TP1: 2,450
- TP2: 2,800
- TP3: 3,200
- Stop Loss: 1,950
These targets are intentionally closer to current structure. I would rather map realistic resistance than assume an immediate return to the previous cycle high. The 4,900 area is a larger objective.
🧠 WHAT I AM WATCHING
The key question is whether this bounce can develop into higher highs and higher lows. Above 2,400, the path toward 2,800 improves. Reclaiming 2,800 would make 3,200 a reasonable continuation target.
The bearish scenario becomes more relevant if ETH loses the recent base and starts closing below 1,950. A deeper retest could then develop.
🔄 EXECUTION MATTERS
STONfi is relevant to execution, not ETH direction. Its RFQ routing lets liquidity sources compete for execution.
Omniston uses paired HTLCs for cross-chain settlement, with defined completion and refund mechanics. STONfi handles routing and settlement, while the chart determines the thesis.
TON remains part of the wider execution ecosystem.
⚡ FINAL READ
ETH is at an important structural point. The bounce from rising support is encouraging, but 2,400 and 2,800 remain key checkpoints before the recovery is confirmed.
I am watching whether buyers can hold the recent base and push through 2,400. If that happens, 2,450, 2,800 and 3,200 become realistic upside areas. If 1,950 fails, I would step back and reassess.
Confirmation should come from closes, not a single wick above resistance.
NFA - DYOR
$ETH
Ethereum is trading near 2,279 after bouncing from the rising monthly trendline around 1,600. The broader range remains intact, with 4,900-5,000 as major resistance.
📊 MARKET STRUCTURE
The rising trendline has connected major lows since 2022. Price recently tested that support and reacted higher. Above the market, 2,400 is the first level I want reclaimed, followed by 2,800 and 3,200.
🎯 REACTION MAP
- TP1: 2,450
- TP2: 2,800
- TP3: 3,200
- Stop Loss: 1,950
These targets are intentionally closer to current structure. I would rather map realistic resistance than assume an immediate return to the previous cycle high. The 4,900 area is a larger objective.
🧠 WHAT I AM WATCHING
The key question is whether this bounce can develop into higher highs and higher lows. Above 2,400, the path toward 2,800 improves. Reclaiming 2,800 would make 3,200 a reasonable continuation target.
The bearish scenario becomes more relevant if ETH loses the recent base and starts closing below 1,950. A deeper retest could then develop.
🔄 EXECUTION MATTERS
STONfi is relevant to execution, not ETH direction. Its RFQ routing lets liquidity sources compete for execution.
Omniston uses paired HTLCs for cross-chain settlement, with defined completion and refund mechanics. STONfi handles routing and settlement, while the chart determines the thesis.
TON remains part of the wider execution ecosystem.
⚡ FINAL READ
ETH is at an important structural point. The bounce from rising support is encouraging, but 2,400 and 2,800 remain key checkpoints before the recovery is confirmed.
I am watching whether buyers can hold the recent base and push through 2,400. If that happens, 2,450, 2,800 and 3,200 become realistic upside areas. If 1,950 fails, I would step back and reassess.
Confirmation should come from closes, not a single wick above resistance.
NFA - DYOR
$ETH