$ETH Is Testing a Key Resistance — Breakout or Pullback? 👀
$ETH is trading around $2,699 on the 15-minute chart after making a strong move toward $2,721.
Here are the levels I’m watching:
🟢 Bullish scenario:
If ETH breaks and holds above $2,721–$2,722 with confirmation, the next area I’ll watch around $2,750.
🟡 Pullback zone:
The first support area is around $2,694–$2,682, where the short-term moving averages are currently sitting.
🔴 Weakness below:
If ETH loses $2,671, the recent bullish structure could start weakening, bringing lower levels back into focus.
One thing I like about this setup: MA(7) > MA(25) > MA(99), showing short-term momentum is currently stronger than the longer moving averages.
But ETHis sitting just below the recent high, so I’d rather watch for confirmation than chase the candle.
What are you watching — ETH breakout above $2,721 or a pullback first?
$ETH
$ETH is trading around $2,699 on the 15-minute chart after making a strong move toward $2,721.
Here are the levels I’m watching:
🟢 Bullish scenario:
If ETH breaks and holds above $2,721–$2,722 with confirmation, the next area I’ll watch around $2,750.
🟡 Pullback zone:
The first support area is around $2,694–$2,682, where the short-term moving averages are currently sitting.
🔴 Weakness below:
If ETH loses $2,671, the recent bullish structure could start weakening, bringing lower levels back into focus.
One thing I like about this setup: MA(7) > MA(25) > MA(99), showing short-term momentum is currently stronger than the longer moving averages.
But ETHis sitting just below the recent high, so I’d rather watch for confirmation than chase the candle.
What are you watching — ETH breakout above $2,721 or a pullback first?
$ETH
