Ethereum is consolidating near a key technical zone as traders assess Bitcoin's direction, ETF and institutional flows, Ethereum network activity, and broader macroeconomic sentiment. A decisive move from the current range could determine the next short-term trend.
Key Focus: Wait for confirmation before entering. Avoid trading inside consolidation where false breakouts are common.
Bullish: A strong breakout above resistance may open the door for a continuation toward the next major supply zone.
Bearish: A loss of key support could trigger profit booking and a move toward the next demand area.
Follow price action, not predictions. The best trades come after confirmation, not anticipation.
Educational analysis only. Not financial or investment advice.
Key Focus: Wait for confirmation before entering. Avoid trading inside consolidation where false breakouts are common.
Bullish: A strong breakout above resistance may open the door for a continuation toward the next major supply zone.
Bearish: A loss of key support could trigger profit booking and a move toward the next demand area.
Follow price action, not predictions. The best trades come after confirmation, not anticipation.
Educational analysis only. Not financial or investment advice.
Trade active
A clean sweep breakout from the support, 1st & 2nd Target done in a single candle. Trade with simple and less commotion in charts.
Trade closed: target reached
All Targets Done, A clean and simple setup, bounce from the support zone. Follow for more trading ideas and learning, Enjoy your weekend 🍻
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.