Post
Alpha Trader Official
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$ETH Classic Reversal Structure Playing Out
On the 4H timeframe, Ethereum formed a clear Head & Shoulders reversal pattern. The market created the left shoulder, head, and right shoulder, then finally broke below the neckline around the $1,810 support zone, triggering the bearish move that followed.
After the breakdown, $ETH completed the downside target near the $1,780–$1,810 demand area, where strong buyers stepped in. From there, price started a strong recovery rally, pushing the market back above $2,100, showing that bullish momentum is returning.
Right now ETH is approaching the $2,200–$2,260 resistance zone, which is a major level where sellers previously defended price.
Trade Idea
Entry: $2,080 – $2,130
TP1: $2,200
TP2: $2,300
TP3: $2,420
SL: $1,980
If Ethereum holds above the $2,080 support zone, the structure suggests a possible continuation toward the $2,300 liquidity area and higher resistance levels.
#StockMarketCrash #KevinWarshNominationBullOrBear #MarketRebound
{spot}(ETHUSDT)
On the 4H timeframe, Ethereum formed a clear Head & Shoulders reversal pattern. The market created the left shoulder, head, and right shoulder, then finally broke below the neckline around the $1,810 support zone, triggering the bearish move that followed.
After the breakdown, $ETH completed the downside target near the $1,780–$1,810 demand area, where strong buyers stepped in. From there, price started a strong recovery rally, pushing the market back above $2,100, showing that bullish momentum is returning.
Right now ETH is approaching the $2,200–$2,260 resistance zone, which is a major level where sellers previously defended price.
Trade Idea
Entry: $2,080 – $2,130
TP1: $2,200
TP2: $2,300
TP3: $2,420
SL: $1,980
If Ethereum holds above the $2,080 support zone, the structure suggests a possible continuation toward the $2,300 liquidity area and higher resistance levels.
#StockMarketCrash #KevinWarshNominationBullOrBear #MarketRebound
{spot}(ETHUSDT)