$ETH has two big magnets on the chart going into the Fed: 2,205 and 2,434 🧲
Coinglass data shows about 919 million dollars in long liquidations stacked below 2,205, and about 785 million dollars in short liquidations above 2,434. Price likes to hunt liquidity like that.
The 4H chart:
• Price: 2,346, +1.3%
• Higher lows: 2,282 → 2,293 → 2,297
• Lid: 2,364 to 2,372. Today's high plus the EMA 50
• Floor: 2,282 to 2,297
• RSI 49, dead neutral
The plan:
🟢 A break above 2,372 opens 2,418, and the 2,434 short cluster sits right behind it. That's squeeze fuel
🔴 A loss of 2,282 puts the 2,205 long cluster in play
Fed decision at 18:00 UTC. Whichever cluster gets hit first likely sets the tone for the week.
Which way does $ETH go first? 👇
NFA
#Ethereum #FOMCWatch #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance
Coinglass data shows about 919 million dollars in long liquidations stacked below 2,205, and about 785 million dollars in short liquidations above 2,434. Price likes to hunt liquidity like that.
The 4H chart:
• Price: 2,346, +1.3%
• Higher lows: 2,282 → 2,293 → 2,297
• Lid: 2,364 to 2,372. Today's high plus the EMA 50
• Floor: 2,282 to 2,297
• RSI 49, dead neutral
The plan:
🟢 A break above 2,372 opens 2,418, and the 2,434 short cluster sits right behind it. That's squeeze fuel
🔴 A loss of 2,282 puts the 2,205 long cluster in play
Fed decision at 18:00 UTC. Whichever cluster gets hit first likely sets the tone for the week.
Which way does $ETH go first? 👇
NFA
#Ethereum #FOMCWatch #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance
