ETHUSD SURELY BULLISH
1. Support at 2130 May Fail
The chart assumes a bounce from 2130 support, but if ETH breaks below this level, it could trigger further liquidations and push price toward 2000 or lower.
Bearish divergence or weakening buy volume could signal a lack of strength.
2. Resistance at 2800 May Hold Strong
The projection suggests ETH will reach 2800, but this could be a strong supply zone where sellers step in.
If ETH struggles around 2400-2500, we might see a reversal instead of a breakout.
3. Lower High Formation
If ETH fails to break above previous highs (~2265+), it could signal a lower high, leading to a downtrend continuation rather than a rally.
Rejection near 2300-2400 might confirm a bearish structure.
4. Macroeconomic & Market Risks
If Bitcoin corrects or macro factors (rate hikes, regulatory news, or stock market weakness) pressure crypto markets, ETH might struggle to sustain upside momentum
The chart assumes a bounce from 2130 support, but if ETH breaks below this level, it could trigger further liquidations and push price toward 2000 or lower.
Bearish divergence or weakening buy volume could signal a lack of strength.
2. Resistance at 2800 May Hold Strong
The projection suggests ETH will reach 2800, but this could be a strong supply zone where sellers step in.
If ETH struggles around 2400-2500, we might see a reversal instead of a breakout.
3. Lower High Formation
If ETH fails to break above previous highs (~2265+), it could signal a lower high, leading to a downtrend continuation rather than a rally.
Rejection near 2300-2400 might confirm a bearish structure.
4. Macroeconomic & Market Risks
If Bitcoin corrects or macro factors (rate hikes, regulatory news, or stock market weakness) pressure crypto markets, ETH might struggle to sustain upside momentum
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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.