🔥
$ETH — Ethereum Bulls Are Fighting Back, But One Resistance Could Decide the Next Move!
Ethereum is showing some encouraging signs of recovery, and I'm watching its 1-hour structure very closely.
Currently trading around $2,269, ETH has managed to recover from its recent lows. However, I don't think this is the right moment to blindly chase the green candles.
Here's what I'm seeing on the chart.
📊 1H Technical Breakdown
The RSI is hovering around 55.6, suggesting that bullish momentum is gradually returning without entering overbought territory.
More importantly, ETH is trading above two important moving averages:
• EMA20: $2,264.42
• EMA50: $2,262.61
This EMA alignment is encouraging for short-term buyers.
The Bollinger Bands also provide an interesting picture:
• Upper Band: $2,278.82
• Lower Band: $2,250.38
ETH is approaching the upper boundary, making the $2,278–$2,280 region an important resistance zone.
🎯 My Trading Strategy
I'm watching two possible scenarios.
🟢 Bullish Scenario:
If ETH successfully breaks above $2,280 with strong volume, the next upside levels I'm watching are:
TP1: $2,285
TP2: $2,300
TP3: $2,320
🔵 Pullback Opportunity:
I would prefer a controlled retracement toward $2,263–$2,255.
If buyers defend this zone and produce a strong bullish reaction, it could offer a more attractive LONG entry.
🛑 Risk Management
My bullish setup becomes invalid below $2,244.
If ETH loses this level, I won't hesitate to step aside.
⚠️ One Important Warning
The 1-hour recovery looks promising, but the broader 4-hour structure remains bearish.
That means traders should avoid confusing a short-term bounce with a confirmed trend reversal.
I'm watching volume, momentum and the next resistance reaction before making a decision.
Patience is part of trading. Sometimes the best trade is the one you don't take.
💬 What's your ETH prediction?
Will Ethereum break $2,280 and continue toward $2,300, or will sellers push it back toward $2,250?
#ETH #Ethereum #BinanceSquare #CryptoTrading