ETH is becoming more bullish on the 4-hour chart—but this is not where I want to chase.

The recent break above 1,851 has improved the short-term structure, with ETH maintaining a sequence of Higher Highs and Higher Lows.

As long as that structure remains intact, I do not see a high-quality reason to short.

The problem is location.

ETH is now approaching the 1,958–2,000 resistance zone, which makes the reward-to-risk less attractive for a fresh long.

My preferred setup is a pullback toward 1,850.

I would want to see the previous resistance hold as support, together with:

• Lower volume during the pullback
• No clear 4-hour close below 1,850
• A new Higher Low
• A false breakdown and recovery
• Bullish price action near support

If buyers defend that area, the first target would be 1,958–2,000.

A confirmed 4-hour breakout and successful retest above 2,000 could open the way toward 2,050–2,106.

The invalidation is clear.

If ETH falls back below 1,851 and breaks the latest Higher Low, the breakout may have failed and the bullish setup must be reassessed.

If price returns to around 1,765, I would not automatically buy the dip.

A lower price is not enough.

I still need a new structural reversal before taking risk.

The trend is improving.

The entry location is not.

Would you chase the breakout, or wait for the retest?

#Ethereum #PriceAction #TradingPlan