$ETH /USDT is showing a decent bullish recovery, and I'm noticing buyers have stepped in strongly after the recent dip toward 2,265.20. The latest upward move is encouraging, but price is now approaching a resistance area where I want to see confirmation.
Currently, ETH is trading at 2,268.54, above the visible MA60 at 2,266.59. The recent spike toward 2,270 shows improving buying momentum, although price pulled back afterward.
Key levels I'm watching:
* Immediate resistance: 2,269.51
* Next resistance: 2,270.50–2,270.83
* Immediate support: 2,268.19
* Stronger support: 2,266.59
* Lower support: 2,265.56
Trade idea:
📍 Entry: No confirmed entry yet. I'd wait for a clean break above 2,269.51 and a successful retest.
🎯 TP1: 2,270.50
🎯 TP2: 2,270.83
🎯 TP3: Not justified by the visible chart.
🛑 Invalidation: Below 2,265.56.
If price loses 2,265.56, I'd step away from this bullish setup because the recent recovery structure would be weakened.
My view: Buyers currently have the short-term advantage, but I'm not chasing the spike. I want to see sustained momentum before considering the bullish setup. Patience over forced entries.
Currently, ETH is trading at 2,268.54, above the visible MA60 at 2,266.59. The recent spike toward 2,270 shows improving buying momentum, although price pulled back afterward.
Key levels I'm watching:
* Immediate resistance: 2,269.51
* Next resistance: 2,270.50–2,270.83
* Immediate support: 2,268.19
* Stronger support: 2,266.59
* Lower support: 2,265.56
Trade idea:
📍 Entry: No confirmed entry yet. I'd wait for a clean break above 2,269.51 and a successful retest.
🎯 TP1: 2,270.50
🎯 TP2: 2,270.83
🎯 TP3: Not justified by the visible chart.
🛑 Invalidation: Below 2,265.56.
If price loses 2,265.56, I'd step away from this bullish setup because the recent recovery structure would be weakened.
My view: Buyers currently have the short-term advantage, but I'm not chasing the spike. I want to see sustained momentum before considering the bullish setup. Patience over forced entries.