๐ ETH Technical Analysis & Setup
Ethereum remains steady at +0.7% over the last 24 hours. The bullish structure is intact as the price prints higher highs and higher lows on the 1-hour chart, aligned with the daily and weekly uptrends.
โข Key Support / Demand: The primary demand zone lies between 2695 and 2700, sitting near the EMA20 and EMA200. Key structural higher-low support is at 2675.95.
โข Resistance / Supply Targets: First target is the liquidity pocket and FVG fill at 2721. Continued momentum points to targets at 2738, 2749, and 2779.
โข Trigger / Confirmation: Watch for a retest of the 2695โ2700 zone. Entry is confirmed by a bullish rejection wick, engulfing candle, or a lower-timeframe market structure shift.
โข Risk / Invalidation: A daily or hourly close below 2675.95 invalidates this bullish thesis, marking a trend shift.
โข Market Execution: Manage cross-chain volatility and utilize standard market depth for automated liquidity routing to minimize slippage during execution.
Market Flow: Open Interest at 6.22B USD (-0.1%), funding rate at +0.0059%, and a taker buy/sell ratio of 1.16x, indicating active buyer presence.
DYOR, Educational setup, not financial advice.
#BinanceSquare #Trading #ETH #Crypto
$ETH
Ethereum remains steady at +0.7% over the last 24 hours. The bullish structure is intact as the price prints higher highs and higher lows on the 1-hour chart, aligned with the daily and weekly uptrends.
โข Key Support / Demand: The primary demand zone lies between 2695 and 2700, sitting near the EMA20 and EMA200. Key structural higher-low support is at 2675.95.
โข Resistance / Supply Targets: First target is the liquidity pocket and FVG fill at 2721. Continued momentum points to targets at 2738, 2749, and 2779.
โข Trigger / Confirmation: Watch for a retest of the 2695โ2700 zone. Entry is confirmed by a bullish rejection wick, engulfing candle, or a lower-timeframe market structure shift.
โข Risk / Invalidation: A daily or hourly close below 2675.95 invalidates this bullish thesis, marking a trend shift.
โข Market Execution: Manage cross-chain volatility and utilize standard market depth for automated liquidity routing to minimize slippage during execution.
Market Flow: Open Interest at 6.22B USD (-0.1%), funding rate at +0.0059%, and a taker buy/sell ratio of 1.16x, indicating active buyer presence.
DYOR, Educational setup, not financial advice.
#BinanceSquare #Trading #ETH #Crypto
$ETH
