Ethereum has bounced back strongly after the recent drop, pushing back up toward the 1.930–1.940 resistance zone — the same area that capped price before and sent it sharply lower. Since this zone hasn't been retested yet, there's a decent chance we see a pullback before price moves on.
I'm favouring sells if price pushes into the 1.925–1.940 resistance zone and shows a clear rejection signal, stop loss above 1.945, first target at 1.880 and a further target at 1.825–1.840 — right at the marked support zone below.
If price breaks above and closes firmly over 1.945, this resistance zone will be considered cleared, and I'll stay on the sidelines waiting for a new structure rather than forcing a sell.
This is just my personal take based on technical analysis. Wishing you successful trading.
I'm favouring sells if price pushes into the 1.925–1.940 resistance zone and shows a clear rejection signal, stop loss above 1.945, first target at 1.880 and a further target at 1.825–1.840 — right at the marked support zone below.
If price breaks above and closes firmly over 1.945, this resistance zone will be considered cleared, and I'll stay on the sidelines waiting for a new structure rather than forcing a sell.
This is just my personal take based on technical analysis. Wishing you successful trading.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.