Ethereum (ETH) is currently trading around a major structure zone between $1,750 and $1,850, which is acting as a key decision area for the next major move. 📊
📌 As long as ETH remains below this green structure, the overall bias remains bearish, and further downside pressure is expected.
However, for the bulls to regain control and shift the momentum in their favor, a decisive break and close above the $1,750–$1,850 structure is needed. Such a breakout would invalidate the current bearish outlook and increase the probability of a move toward the previous major highs.
As always, rather than anticipating the breakout, we will wait for price to confirm the next directional move before considering any positions.
Will sellers defend this structure, or will buyers finally break through? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📌 As long as ETH remains below this green structure, the overall bias remains bearish, and further downside pressure is expected.
However, for the bulls to regain control and shift the momentum in their favor, a decisive break and close above the $1,750–$1,850 structure is needed. Such a breakout would invalidate the current bearish outlook and increase the probability of a move toward the previous major highs.
As always, rather than anticipating the breakout, we will wait for price to confirm the next directional move before considering any positions.
Will sellers defend this structure, or will buyers finally break through? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.