$ETH Weekend Market Update 📈


Ethereum continues to trade inside a well-defined range, and until price breaks out, I'm treating it as a range-trading market.
Key Levels 🔹 Resistance: $1,929–$1,939 🔹 Support: $1,847
My current outlook:
• As long as $1,939 holds, rallies into resistance remain potential short opportunities. • If $1,847 continues to hold, pullbacks into support can offer attractive long entries. • A breakout above resistance or a breakdown below support would invalidate the range and likely start the next directional move.
Trade Ideas
📉 Short Setup • Entry: $1,939 • Stop: $2,011 • Targets: $1,867 → $1,809
📈 Long Setup • Entry: $1,847 • Add: $1,809 • Stop: $1,777 • Targets: $1,900 → $1,939
Patience is key—let price come to your levels instead of chasing the market.
This is my personal market analysis, not financial advice. Always manage your risk.

#CXMTDebutsWith90.1BTradingVolume #SummerCreationCamp
ETH4.39%
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ThreeBullishCandles
· 3h ago
Bro, your analysis is very clear, but I think the risk at 1,939 going down is not small—what if there’s a fake breakout? It’s still more reliable to wait for confirmation signals before making a move.
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BackrunnerBob
· 3h ago
Yes—waiting patiently for the price to reach key levels is much safer than chasing pumps and selling into dumps. I personally also tend to place limit orders around support and resistance, keep my stop-loss relatively tight, and end up with a more comfortable risk-reward ratio.
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LPDiver
· 4h ago
This range-trading strategy is written quite meticulously, but the short-term entry point is too extreme; most people can’t hold it.
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