Ethereum just tapped into a highly reactive supply zone at $2,550 – $2,565 after a sharp rally. Price has stalled, showing signs of resistance.
Technical Breakdown:
Supply Zone: $2,550–$2,565 (institutional selling zone)
Key Support 1: $2,099 – recent breakout base
Demand Zone: $1,584 – $1,650 (strong accumulation zone)
Market Context:
ETH has surged over 20%+ in the past few days with strong bullish momentum.
Price is now consolidating within a low-volume area, often a signal of distribution.
Multiple U.S. economic events ahead could trigger volatility – stay alert!
Trade Ideas:
Scenario A (Rejection): Bearish confirmation below $2,500 opens the way to $2,099.
Scenario B (Breakout): A 4H candle close above $2,570 with strong volume could signal a continuation towards $2,800.
Bonus Insight:
RSI is overbought on the 4H, so a pullback is likely before continuation.
Watch the next 3 red calendar icons – they often drive fakeouts or breakout traps.
Your Turn: What’s your ETH outlook?
Bullish or Bearish from here? Drop your vote in the comments!
Technical Breakdown:
Supply Zone: $2,550–$2,565 (institutional selling zone)
Key Support 1: $2,099 – recent breakout base
Demand Zone: $1,584 – $1,650 (strong accumulation zone)
Market Context:
ETH has surged over 20%+ in the past few days with strong bullish momentum.
Price is now consolidating within a low-volume area, often a signal of distribution.
Multiple U.S. economic events ahead could trigger volatility – stay alert!
Trade Ideas:
Scenario A (Rejection): Bearish confirmation below $2,500 opens the way to $2,099.
Scenario B (Breakout): A 4H candle close above $2,570 with strong volume could signal a continuation towards $2,800.
Bonus Insight:
RSI is overbought on the 4H, so a pullback is likely before continuation.
Watch the next 3 red calendar icons – they often drive fakeouts or breakout traps.
Your Turn: What’s your ETH outlook?
Bullish or Bearish from here? Drop your vote in the comments!
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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.