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TheBuzzingBee

#ETH is trading below a key supply zone (~2400–2500) with repeated rejections.


Short-term structure shows a rising trendline but momentum is weakening.
A breakdown below ~2150 likely opens a move toward the 1900 demand zone.
B ‌ias remains bearish unless price reclaims and holds above the supply area.
$ETH ‌
ETH-0.16%
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PocketValidator
· 3h ago
Currently, going long unless it's very short-term; otherwise, stop-loss needs to be well-placed, and the structure doesn't look very friendly.
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AirdropJanitor
· 3h ago
Buyers were quite strong before around 1900, hope it doesn't turn into "cutting with a knife" later.
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MirrorBallReflection
· 3h ago
This market is just range-bound + fake moves, with 2150 being the key switch level. If it breaks, look for lower levels accordingly.
View OriginalReply0
Tangerine-FlavoredPullback
· 3h ago
If it first hits 2100-2150 and then pulls back, that could be the final wave of a false breakout.
View OriginalReply0
GateUser-e5e2e632
· 3h ago
If we can retake the supply zone and hold steady for two or three days, the bearish narrative will need to change.
View OriginalReply0
DeepBlueStakingStone
· 3h ago
The trendline is weakening in momentum = more likely to break downward; wait for confirmation before entering for greater stability.
View OriginalReply0
DaoEntranceSecurityGuard
· 3h ago
The upward trend line is still there, but the trading volume can't keep up, so it feels like it's weakening.
View OriginalReply0

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