$ETH
Ethereum is currently trading around $2,087, recovering steadily from the recent swing low near $1,748. Price structure shows a short-term bullish shift with higher lows forming. The market is consolidating just below the $2,120–$2,150 resistance zone. Volume has slightly decreased, indicating a potential breakout setup if buyers step in strongly.
The 4H structure suggests:
Support: $2,000 – $1,950
Immediate Resistance: $2,120
Major Resistance: $2,300
🔹 Trade Setup
Bullish Scenario (Breakout Trade):
Entry: $2,120 (after 4H candle close above resistance)
Take Profit 1: $2,200
Take Profit 2: $2,300
Stop Loss: $2,030
Bearish Scenario (Rejection from Resistance):
Entry: $2,080–$2,100 (if strong rejection forms)
Take Profit: $1,980
Stop Loss: $2,150
Overall bias: Slightly bullish above $2,000, but confirmation needed above $2,120 for stronger upside momentum. Trade with proper risk management.