ETH IS TRYING TO REBUILD MOMENTUM FROM SUPPORT
$ETH pulled back after the sharp recovery move, but price is now reacting near the lower side of the local structure. The broader chart is still trading under a major descending wedge, yet buyers are trying to defend the higher-low area around $1,680 โ $1,700.
This setup becomes interesting if ETH holds this support and starts pushing back toward the upper resistance line. A clean recovery from here could turn the recent pullback into a continuation setup rather than a failed bounce.
๐ฏ Trade Setup Iโm Watching
๐ Entry area: $1,685 โ $1,705
๐ Stop loss: below $1,660
๐ฏ First target: $1,745 โ $1,760
๐ Main target: $1,785 โ $1,805
โ ๏ธ Invalidation: clean breakdown below $1,660
If buyers defend this zone and ETH reclaims short-term momentum, the chart could make another attempt to test the descending resistance. But if support breaks, the recovery structure may weaken quickly.
Would you buy ETH from this support, or wait for confirmation above $1,720 first?
#ETH #Ethereum #CryptoTrading #Altcoins #BinanceSquare
$ETH pulled back after the sharp recovery move, but price is now reacting near the lower side of the local structure. The broader chart is still trading under a major descending wedge, yet buyers are trying to defend the higher-low area around $1,680 โ $1,700.
This setup becomes interesting if ETH holds this support and starts pushing back toward the upper resistance line. A clean recovery from here could turn the recent pullback into a continuation setup rather than a failed bounce.
๐ฏ Trade Setup Iโm Watching
๐ Entry area: $1,685 โ $1,705
๐ Stop loss: below $1,660
๐ฏ First target: $1,745 โ $1,760
๐ Main target: $1,785 โ $1,805
โ ๏ธ Invalidation: clean breakdown below $1,660
If buyers defend this zone and ETH reclaims short-term momentum, the chart could make another attempt to test the descending resistance. But if support breaks, the recovery structure may weaken quickly.
Would you buy ETH from this support, or wait for confirmation above $1,720 first?
#ETH #Ethereum #CryptoTrading #Altcoins #BinanceSquare