$ETH is showing a recovery after a sharp sell-off from the $2,350 area. However, price remains below VWAP resistance near $2,261. Bulls need a breakout to confirm stronger upward momentum.
Trade Setup (Conditional Long)
Entry: $2,263 – $2,275 (after breakout confirmation)
TP1: $2,285
TP2: $2,306
Final Target: $2,354
SL: $2,235
Important Levels:
Resistance: $2,261 – $2,275
Support: $2,217
Major Support: $2,174
Final Decision: ETH is recovering, but the 4H trend remains weak. A confirmed breakout above $2,262 could strengthen bullish momentum. Avoid chasing without confirmation.
Educational chart analysis only. Trading involves significant risk; use proper risk management.
Trade Setup (Conditional Long)
Entry: $2,263 – $2,275 (after breakout confirmation)
TP1: $2,285
TP2: $2,306
Final Target: $2,354
SL: $2,235
Important Levels:
Resistance: $2,261 – $2,275
Support: $2,217
Major Support: $2,174
Final Decision: ETH is recovering, but the 4H trend remains weak. A confirmed breakout above $2,262 could strengthen bullish momentum. Avoid chasing without confirmation.
Educational chart analysis only. Trading involves significant risk; use proper risk management.
