🚨 ETHUSDT Market Update ⚠️
📍 Current Price: $1819 (follow me)
📊 Previous Resistance (Now Support): $1760
📊 Immediate Resistance: $1870
📉 Support Zone Below: $1685
ETH is currently consolidating between the $1760 support and the $1870 resistance levels after a strong upward move. Price is ranging inside a marked supply area, showing short-term indecision as it awaits a clear breakout or rejection.
🔍 Key Observations:
🟢 ETH structure remains bullish after bouncing strongly from the $1685 demand zone
🟢 Price is hovering near the lower boundary of the $1870 supply zone, signaling potential breakout buildup
🟢 A confirmed breakout above $1870 could lead price toward the $1950 supply region
🟢 If ETH fails to hold above $1760, the next key support to monitor is $1685
📈 Market Volume
Today is Monday and the week has just started, so higher volume and stronger market participation are expected
📊 Economic Events
High-impact USD news ISM Services PMI is scheduled for today at 700 PM. Expect increased volatility during and after the release
⚠ Trade Smart
ETH is trading near a significant supply zone. Wait for clear breakout confirmation or retracement into a demand zone like $1685 for high-probability setups