#Ethereum UP Market
🔍 Market Condition Overview
Current Price: Around $1794
Trend: Mostly sideways with short-term volatility.
Volatility: Moderate, with noticeable spikes and retracements.
🔑 Key Observations
1. Resistance Zone
Around $1810 – $1820, price got rejected multiple times.
Marked by long upper wicks and price pullbacks.
2. Support Zone
Strong support around $1750 – $1760.
Price bounced from here recently with strong bullish candles.
3. Recent Price Behavior
After a dip to ~$1720 on April 28, ETH has made a higher low and is currently consolidating.
The latest candles show indecision (small body candles), signaling a possible breakout soon.
📈 Potential Scenarios
🔼 Bullish Breakout
If ETH breaks above $1810 with volume, next resistance is near $1840 – $1850.
🔽 Bearish Breakdown
If ETH drops below $1750, it may retest $1720 and possibly fall to $1680.
📌 Trading Ideas (Short-Term)
Scalp Buy: Near $1750 support with stop below $1735.
Scalp Sell: Near $1810 resistance with stop above $1825.
Breakout Trade: Entry on breakout candle above $1815 with volume confirmation.