$ETH TIGHTLY COILING – BREAKOUT OR FAKEOUT NEXT?
ETH is currently trading at $1,799.71, hovering just under a key resistance zone. Price is compressing, and a sharp move could be right around the corner.
Key Levels to Watch:
• Resistance: $1,805 – A breakout above could open room for a bigger climb.
• Support: $1,790 – Losing this level could invite heavier selling.
Trade Setup – Get Ready for Action!
Bullish Entry:
A confirmed move above $1,805 could target:
• TP1: $1,820
• TP2: $1,840
Bearish Entry:
A break below $1,790 could target:
• TP1: $1,775
• TP2: $1,760
Stop-Loss:
Tight stop-losses are critical here to manage risk in case of sudden whipsaws.