I'm looking at $ETH /USDT, and the main thing catching my attention is the repeated price swings around the 2,250 area. Buyers have managed to recover from the recent low, but the latest pullback shows that momentum is still uncertain.
📊 Market Observation
ETH is currently trading at 2,250.11. Price recently bounced from approximately 2,249.40 toward the 2,250.60 area before pulling back again. The visible MA60 is at 2,251.02, meaning price is still trading slightly below it.
Key levels I'm watching:
* Resistance 1: 2,250.65–2,250.77
* Resistance 2: 2,251.02 (MA60)
* Immediate support: 2,249.40
* Current price: 2,250.11
What would make the setup attractive?
I'd like to see ETH reclaim 2,250.77 and push above the MA60 with stronger buying activity. That could improve the short-term bullish picture.
⚠️ Trade Idea:
* 📍 Entry: No confirmed entry yet.
* 🎯 TP1: 2,250.77 (visible resistance)
* 🎯 TP2: 2,251.02 (MA60)
* 🎯 TP3: Not justified by the visible chart.
* 🛑 Invalidation: Below 2,249.40.
If price loses 2,249.40, I'd step away from the bullish setup because the recent recovery structure would weaken.
For now, I'm waiting for confirmation rather than chasing this move. ETH needs to show buyers are back in control before the next direction becomes clearer.
📊 Market Observation
ETH is currently trading at 2,250.11. Price recently bounced from approximately 2,249.40 toward the 2,250.60 area before pulling back again. The visible MA60 is at 2,251.02, meaning price is still trading slightly below it.
Key levels I'm watching:
* Resistance 1: 2,250.65–2,250.77
* Resistance 2: 2,251.02 (MA60)
* Immediate support: 2,249.40
* Current price: 2,250.11
What would make the setup attractive?
I'd like to see ETH reclaim 2,250.77 and push above the MA60 with stronger buying activity. That could improve the short-term bullish picture.
⚠️ Trade Idea:
* 📍 Entry: No confirmed entry yet.
* 🎯 TP1: 2,250.77 (visible resistance)
* 🎯 TP2: 2,251.02 (MA60)
* 🎯 TP3: Not justified by the visible chart.
* 🛑 Invalidation: Below 2,249.40.
If price loses 2,249.40, I'd step away from the bullish setup because the recent recovery structure would weaken.
For now, I'm waiting for confirmation rather than chasing this move. ETH needs to show buyers are back in control before the next direction becomes clearer.