👀 What’s Happening on the Chart
Ethereum (ETH/USD) is currently retesting a critical resistance zone between $2,531–$2,546 following a sharp short-term rally—classic supply zone behavior. A failure to break above this area could trigger a pullback toward the $2,400–$2,450 support range .
Key technical signals include:
Flattening EMA + slowing momentum, indicating bullish exhaustion .
Potential trendline break or bearish candle formation would confirm a short trade trigger .
---
🎯 Trade Plan for Binance Square Fam
**🎯 Entry**: Around $2,535–$2,546 (near resistance zone)
**🛑 Stop-Loss**: Just above $2,546 (invalidation point)
**💰 Take-Profit**: Targeting $2,400–$2,450 support
**📊 Risk/Reward**: Approximately 1:3, a favorable setup
---
🛠 Broader Analysis
Mixed short-term bias: While the EMA50 is supporting price, RSI is neutral to slightly overbought—momentum is balancing .
Short-term bearish tendency in hourly/daily charts, though the medium-term remains slightly bullish (triangle structure) .
Critical levels to monitor:
Resistance band: $2,531–$2,546
Support range: $2,400–$2,450
If $2,400 breaks → deeper correction possible toward $2,300–$2,200 .
---
🔍 What Traders Should Watch
Watch for bearish confirmation: a tight close below $2,530 or a bearish engulfing candle near $2,540 would strengthen the short case .
Invalidation signal: a breakout and close above $2,546 would likely invalidate the short trade setup.
Zoom out for higher timeframe context: triangle pattern on daily could still support a range-bound or slightly bullish outlook .
---
🚀 Binance Square Actionables
Stay alert for ETH promotions: ETH staking and NFT drops often appear via Binance Square—keeping notifications turned on can help you grab value during these critical resistance tests.
Consider balanced strategies: If you’re already long from a lower price, this resistance zone may be a good point to take partial profits or tighten your stop-loss.
---
✅ Summary Table
Condition Strategy
Bearish signal at resistance Enter short around $2,535–$2,546
Clear breakout above resistance Avoid short, potential long/sideways
Pullback confirmed via support Consider short targeting $2,400 area
---
Ethereum is at a crossroads—testing a zone that has historically triggered strong seller activity 🚦. A well-defined short setup is emerging, but be ready to pivot if ETH breaks higher. As always, good money management and confirmation via chart signals are key.
---
