📈 *
$ETH /
*Price*: 2,322.02 USDT | +0.70%
*24h High*: 2,346.78 | *24h Low*: 2,278.38
*MAs*: MA(7) 2,321.67 | MA(25) 2,315.04 | MA(99) 2,315.02
*Why Long*:
Now it's going up. Buyers defended the dip.
1. *Wick Fill Done*: Dropped to 2,300.01, then violent spike to 2,338.75. Sellers got trapped — instant bounce = strength.
2. *MA Support Hold*: MA(7) 2,321.67 + MA(25) 2,315.04 acting as dynamic support.
Price riding MA(7) after the shakeout.
3. *Higher Low Structure*: 2,300.01 > previous low.
Now reclaiming 2,322+. Bulls took back control.
4. *Volume Confirmation*: Massive red volume on the wick = panic sellers done. Green follow-through starting.
🎯 *Long Setup*:
*Entry Zone*: 2,322 – 2,315 on MA(7)/MA(25) retest
*Target 1*: 2,332.16 previous rejection
*Target 2*: 2,338.75 wick high
*Target 3*: 2,346.78 24h high
*Invalidation*: 15m close below 2,315.02 MA(99)
Liquidity swept below 2,310, then explosive recovery.
As long as MAs hold, path of least resistance is up to retest highs.
$ETH #Ethereum #Binance #Crypto #Trading #Long
#TechnicalAnalysis #Layer1