I am not going to buy SETH before $2200 full and final....
Why?
Strong historical demand zone.
High risk-reward if wedge breaks down hard.
RSI (Relative Strength Index):
Approaching the 70 zone a common reversal or pullback signal.
XS&P 500 losses accelerate to over -0.5% on the day, putting the index on track for its largest daily loss since June 17th.
Macro Impact on ETH:
ETH and crypto as a whole are risk-on assets, meaning they often follow the mood of the broader market.
ETH in Context of S&P 500 Drop:
You're seeing weakness in TradFi while
ETH is already at technical resistance.
That reduces the odds of a bullish breakout on ETH for now.
Bears may take control if ETH loses $2,560 your chart shows that level as key support.
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