$ETH Pretty boring PA right now, with price hovering in a no-man’s land.
This is a simple chart. • Price is back below the 4H S/R at $2000 and consolidating under it, confirming a bearish retest. As marked by the trigger, I’m only bullish if price can break and reclaim that level. Until then, downside remains the area of interest. Two key scenarios I’m watching: 1. A sweep below the 4H demand at $1900 followed by a reclaim would give a scalp long trigger. 2. A sweep below the $1740 low, followed by LTF bottom formation, would provide a stronger long setup. For now, this looks like nothing more than a weak bounce on LTF. #ETH #ETHUSDT
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$ETH Pretty boring PA right now, with price hovering in a no-man’s land.
This is a simple chart.
• Price is back below the 4H S/R at $2000 and consolidating under it, confirming a bearish retest.
As marked by the trigger, I’m only bullish if price can break and reclaim that level.
Until then, downside remains the area of interest.
Two key scenarios I’m watching:
1. A sweep below the 4H demand at $1900 followed by a reclaim would give a scalp long trigger.
2. A sweep below the $1740 low, followed by LTF bottom formation, would provide a stronger long setup.
For now, this looks like nothing more than a weak bounce on LTF.
#ETH #ETHUSDT