$ETH creeping back toward range-high resistance—this is the area that matters right now.
I’m watching ETH/USDT on the 4H here, and price is currently trading at $2,502.96** after that sweep of the 24H low at **$2,444.47. The bounce has been clean, but we’re now sitting directly under the 24H high of $2,511.20.
What caught my attention is how price is reacting to the MA60 at $2,503.28—essentially sitting right on it. The recovery volume is decent, but not overwhelming. The 30-day order book is 31.30% buy-side, so there’s some bid interest, but not a massive imbalance yet.
For me, $2,511 is the immediate resistance that needs to give way. If buyers can flip that and hold above the MA60, the structure shifts more bullish.
On the downside, the visible support at $2,444** is the line in the sand. I’d want to see a clean reclaim of **$2,511 with a sustainable close before considering any long position.
I’m not chasing here. I’ll wait for price to prove itself above that resistance and watch how volume reacts on the breakout.
If we fail to hold $2,500, the thesis weakens and I’d expect another test of the lows.
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📍 Entry: Waiting for a confirmed 4H close above $2,511
**🎯 TP1:** N/A—waiting for confirmation first
**🎯 TP2:** N/A—waiting for confirmation first
**🛑 Invalidation:** Breakdown below $2,444
I’m watching ETH/USDT on the 4H here, and price is currently trading at $2,502.96** after that sweep of the 24H low at **$2,444.47. The bounce has been clean, but we’re now sitting directly under the 24H high of $2,511.20.
What caught my attention is how price is reacting to the MA60 at $2,503.28—essentially sitting right on it. The recovery volume is decent, but not overwhelming. The 30-day order book is 31.30% buy-side, so there’s some bid interest, but not a massive imbalance yet.
For me, $2,511 is the immediate resistance that needs to give way. If buyers can flip that and hold above the MA60, the structure shifts more bullish.
On the downside, the visible support at $2,444** is the line in the sand. I’d want to see a clean reclaim of **$2,511 with a sustainable close before considering any long position.
I’m not chasing here. I’ll wait for price to prove itself above that resistance and watch how volume reacts on the breakout.
If we fail to hold $2,500, the thesis weakens and I’d expect another test of the lows.
---
📍 Entry: Waiting for a confirmed 4H close above $2,511
**🎯 TP1:** N/A—waiting for confirmation first
**🎯 TP2:** N/A—waiting for confirmation first
**🛑 Invalidation:** Breakdown below $2,444