🔍 $ETH Trade Setup – Reclaim or Rejection?
📊 Chart Analysis: @Binance Square Official
ETH recently broke below its ascending channel and tested the key resistance zone at $2,590–$2,610, getting rejected sharply.
It has bounced back from support around $2,440–$2,460, now consolidating below resistance.
Price is currently stuck between strong horizontal zones, showing potential for range-bound trading or a breakout play.
🧠 Trade Ideas:
🔁 Reversal Trade (Aggressive):
Buy Entry: $2,520–$2,530
Stop Loss: Below $2,500
Target 1: $2,580
Target 2: $2,610
🔻 Rejection Short (Safer):
Entry: $2,590–$2,610 rejection confirmation
Stop Loss: $2,630
Target: $2,500–$2,460
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