🚨 ATTENTION TRADERS: $ETH CHART LOGIC — DON'T GET TRAPPED! 📉📈
Let's cut through the noise on Ethereum ($ETH) and focus purely on the chart structure. Most are blinded by hype or fear, but we need clear, unbiased levels to navigate the market.
🧭 The Current Structure: Caught in the Range
$ETH is currently stuck in a critical consolidation zone, and until it breaks a key level, we are in a no-trade limbo!
Key Resistance (The Seller's Zone): recently approached the $5,250 – $5,350 Supply Block and was met with heavy selling pressure, showing a clear rejection. This confirms that sellers are fiercely defending this high and maintaining the current bearish market structure of lower highs. Until the bulls reclaim $5,350 with conviction, the path of least resistance remains sideways to down.
Key Support (The Buyer's Line): All eyes are now on the $4,700 – $4,650 Demand Block. This zone has provided strong support multiple times in the recent past. However, continuous re-tests of a support level often weaken it. The price is slowly grinding back toward this floor.
💡 The Smart Play: Wait for the Breakout
Right now, $ETH
is sitting in the absolute worst spot for new trades. The Risk-to-Reward (R/R) ratio is poor for both longs and shorts because you're positioned directly in the middle of two powerful zones.
This is a NO-TRADE ZONE. Patience is your highest-yielding asset!
✅ The Bullish Trigger: A strong, high-volume break and hold above $5,350 flips the momentum. This confirms a change in market structure and opens a safe, clean path for a long setup.
❌ The Bearish Trigger: A decisive break and closure below $4,650 will signal the bears have taken control. The next significant liquidity target below that level is the $4,300 – $4,250 range.
Wait for one of these two clear structural triggers before committing fresh capital.
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