🚨🚨 ETH Pump Incoming? Key Levels to Watch (SHORT TERM) 🚨🚨
As long as ETH remains bullish, the key condition is that the 4-hour candle should not close below this level.
Even if a 4-hour candle forms a wick below this line but closes back above it, ETH will still be considered bullish. A single candle closing below the level might happen, but in most cases, the price tends to reclaim and break back above it.
However, if two consecutive 4-hour candles close below this level, then the bullish structure may weaken. Until that happens, shorting ETH is not a good idea.
For now, from every perspective, ETH still looks bullish to me. The next potential target is around $2550 to $2620. After reaching that zone, we can reassess based on the market situation at that time, and I will update accordingly.
If anyone wants guidance then they can let me know.