$ETH is at one of those levels where chasing the candle can be more dangerous than missing it.
The chart shows ETH around $2,485 after a sharp push on the 1s timeframe. But zoom out and the bigger picture gets interesting:
→ 24h high: $2,532.95
→ 24h low: $2,455
→ 7D: +30.12%
→ 30D: +32.50%
So yes, momentum is strong.
But ETH is also approaching the $2.53K area that has recently acted as resistance. Recent market data also shows renewed institutional demand through spot ETH ETFs, which gives the broader move some support.
That’s why I wouldn’t blindly chase this green candle.
I’d watch one thing:
Can ETH hold higher levels after the initial impulse?
If buyers keep defending the move, continuation becomes more interesting.
If price gets rejected around the recent high, a pullback wouldn’t be surprising.
The trade isn’t the green candle.
The reaction after the green candle is the setup.
#ETH $ETH #Crypto #Binnace
The chart shows ETH around $2,485 after a sharp push on the 1s timeframe. But zoom out and the bigger picture gets interesting:
→ 24h high: $2,532.95
→ 24h low: $2,455
→ 7D: +30.12%
→ 30D: +32.50%
So yes, momentum is strong.
But ETH is also approaching the $2.53K area that has recently acted as resistance. Recent market data also shows renewed institutional demand through spot ETH ETFs, which gives the broader move some support.
That’s why I wouldn’t blindly chase this green candle.
I’d watch one thing:
Can ETH hold higher levels after the initial impulse?
If buyers keep defending the move, continuation becomes more interesting.
If price gets rejected around the recent high, a pullback wouldn’t be surprising.
The trade isn’t the green candle.
The reaction after the green candle is the setup.
#ETH $ETH #Crypto #Binnace
