$ETH chopping around 2,490 USDT. Price action is flat, no real edge either way.
RSI sitting at 47.0 - neutral, mid-range, nothing to lean on.
Support: 2,486.09 USDT - last line before a flush to 2,481.
Resistance: 2,535.05 USDT - needs a clean break, not a wick.
24h range: 2,481.74 - 2,566.53 USDT - wide, low conviction.
BTC holding 79,881.99 with a 1.452% premium, so no macro drag right now.
Trade the range until it breaks. Longs only make sense on a retest of 2,486 with a tight stop. Chasing 2,535 blind is a coin flip.
Break 2,535 USDT or fakeout back to 2,486 first?
$ETH $BTC
#TechnicalAnalysis #ETH #Trading
RSI sitting at 47.0 - neutral, mid-range, nothing to lean on.
Support: 2,486.09 USDT - last line before a flush to 2,481.
Resistance: 2,535.05 USDT - needs a clean break, not a wick.
24h range: 2,481.74 - 2,566.53 USDT - wide, low conviction.
BTC holding 79,881.99 with a 1.452% premium, so no macro drag right now.
Trade the range until it breaks. Longs only make sense on a retest of 2,486 with a tight stop. Chasing 2,535 blind is a coin flip.
Break 2,535 USDT or fakeout back to 2,486 first?
$ETH $BTC
#TechnicalAnalysis #ETH #Trading
