I’m looking at $ETH /USDT after that sharp drop, and the rebound from around 2,228.56 is starting to look interesting. Price is now sitting near 2,241.47, but it’s still slightly below the visible MA60 at 2,242.20, so I’m not calling this a clean reversal yet.
For me, the key area is around 2,240–2,242. I’d like to see price hold this zone and reclaim the MA60 with some strength. If that happens, the next visible resistance levels I’m watching are 2,244.66 and 2,248.69.
📍 Entry: 2,240–2,242
🎯 TP1: 2,244.66
🎯 TP2: 2,248.69
🛑 Invalidation: 2,236.61
If price loses 2,236.61, I’d step away from this setup because that would weaken the current rebound and put the recent recovery structure under pressure.
The chart is still showing uncertainty, especially with price trading around the MA60. I’d rather wait for confirmation than chase the move. For me, holding the current zone and reclaiming 2,242.20 is what would make the setup more attractive.
For me, the key area is around 2,240–2,242. I’d like to see price hold this zone and reclaim the MA60 with some strength. If that happens, the next visible resistance levels I’m watching are 2,244.66 and 2,248.69.
📍 Entry: 2,240–2,242
🎯 TP1: 2,244.66
🎯 TP2: 2,248.69
🛑 Invalidation: 2,236.61
If price loses 2,236.61, I’d step away from this setup because that would weaken the current rebound and put the recent recovery structure under pressure.
The chart is still showing uncertainty, especially with price trading around the MA60. I’d rather wait for confirmation than chase the move. For me, holding the current zone and reclaiming 2,242.20 is what would make the setup more attractive.