Ethereum faced strong rejection from the 2,390 resistance zone and is now pulling back into a key demand area around 2,260–2,280. This zone aligns with previous structure and acts as critical support in the short term.
Market structure shows a recent CHoCH followed by downside pressure, suggesting weakening bullish momentum. However, as long as price holds above this demand, a recovery remains possible.
A bounce from this zone could push ETH back toward 2,340, and a successful break and hold above that level may open the path toward 2,390 again. On the downside, a clean break below 2,260 would invalidate the bullish setup and could lead to further selling toward 2,230 and lower.
Waiting for confirmation (reaction, structure shift, or strong bullish candles) before entry is key here.
Market structure shows a recent CHoCH followed by downside pressure, suggesting weakening bullish momentum. However, as long as price holds above this demand, a recovery remains possible.
A bounce from this zone could push ETH back toward 2,340, and a successful break and hold above that level may open the path toward 2,390 again. On the downside, a clean break below 2,260 would invalidate the bullish setup and could lead to further selling toward 2,230 and lower.
Waiting for confirmation (reaction, structure shift, or strong bullish candles) before entry is key here.
Trade attivo
Market respecting levels, potential move incomingTrade chiuso: obiettivo raggiunto
TARGET REACHED SUCCESSFULLY
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.