📉 ETH — SHARP PULLBACK & MOVING AVERAGE BREAKDOWN! 🔻
$ETH (Ethereum) is trading lower at 2,339.95 (-5.29%, or roughly Rs647,744.96), moving within an active 24-hour range between a high of 2,486.16 and a low of 2,313.39. Price action on this 4-hour chart shows an aggressive downward impulse following a rejection from higher structural zones, currently plunging well below the fast MA(7) (2,388.54), MA(25) (2,482.23), and macro structural MA(99) (2,594.01) bands.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 2,250.00–2,320.00 (on strong defense and volume stabilization near the local swing support floor)
🛑 STOP LOSS: 2,180.00
🎯 TP1: 2,480.00
🎯 TP2: 2,600.00
Are you watching for a strong reversal bounce off the 2,300 base on Ethereum, or waiting for a reclaim of the short-term moving averages? Let's discuss below! 👇
👉 Trade: $ETH
#Ethereum #ETH #cryptotrading #BinanceSquare #bearish
$ETH (Ethereum) is trading lower at 2,339.95 (-5.29%, or roughly Rs647,744.96), moving within an active 24-hour range between a high of 2,486.16 and a low of 2,313.39. Price action on this 4-hour chart shows an aggressive downward impulse following a rejection from higher structural zones, currently plunging well below the fast MA(7) (2,388.54), MA(25) (2,482.23), and macro structural MA(99) (2,594.01) bands.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 2,250.00–2,320.00 (on strong defense and volume stabilization near the local swing support floor)
🛑 STOP LOSS: 2,180.00
🎯 TP1: 2,480.00
🎯 TP2: 2,600.00
Are you watching for a strong reversal bounce off the 2,300 base on Ethereum, or waiting for a reclaim of the short-term moving averages? Let's discuss below! 👇
👉 Trade: $ETH
#Ethereum #ETH #cryptotrading #BinanceSquare #bearish