#Ethereum is facing significant resistance between $4,450 and $4,550. After rejecting the recent local highs, it’s currently holding the 55 EMA (green) as short-term support. However, it’s getting squeezed between the 21 EMA (yellow) above and a high-volume node on the Volume Profile, which acts as a heavy liquidity zone.
If ETH fails to reclaim the high-volume node and starts closing below the 55 EMA, we might see further downside towards the $4,200 support area.
ETH has already broken structure to the downside, showing weakness. If price closes below $4,397 (Value Area Low of the current range), we could see a continuation toward the $4,200 bullish FVG zone.
Key Levels to Watch:
Resistance: $4,450–$4,550
Support: $4,250
A break below $4,397 confirms more downside toward $4,200.
تم فتح الصفقة
I’m looking to long ETH within this buy zone shown on the chart.
The first key level I’m watching is the 0.5 fib at $4,281—I want to see how the price reacts here.
If we lose this level, I’ll then look to see how the 0.618 fib around $4,147 holds.
This entire zone is my main focus area for potential longs, depending on the reaction we get.
#Ethereum
أغلقت الصفقة: تم الوصول للهدف
Personally, I think a low-leverage long within the buy zone makes sense here but I’ll be waiting for confirmation.
If price breaks below the lows, I’ll look to long from deeper within the box, or enter longs on a clean break and close above $4,412 for confirmation.
#Ethereum
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Register on Blofin, Toobit and BingX and trade with me: 👇
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toobit.com/t/CryptoMojo
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.