$ETH

Technical Analysis of ETH: Retracements vs. Impulses โ€“ Key Strategies

๐Ÿ” Current Situation (Ethereum)

- Market Structure: ETH follows a pattern of higher highs and higher lows on the daily timeframe, but with deep retracements (e.g. 23.6%-38.2% Fib).

- Volume: Impulses with decreasing volume (bearish divergence) on H4 suggest possible buying exhaustion.

- Key Indicators:

- RSI: Oscillating in neutral zone (50-60), without extreme overbought/oversold.

- MACD: Bullish crossover on D1, but histogram losing strength.

โšก Strategies for Retracements

1๏ธโƒฃ Key Fib levels for longs:

- 38.2%: Ideal accumulation zone (historical support in uptrend).

- 61.8%: Signal of weakness if lost (possible structure change).

- Stop-loss: 2% below entry level.

2๏ธโƒฃ Reversal Confirmation:

- Bullish absorption candles + increasing volume at supports.

- Use wick rejections on H1/H4 charts for precise entries.

๐Ÿš€ Strategies for Impulses

1๏ธโƒฃ Breakout with volume:

- Enter on weekly close above local resistance (e.g. $3,800).

- Targets: 1:2 RR (using ATR to avoid false breakouts).

2๏ธโƒฃ Hidden divergences:

- If price makes a lower low but RSI/MACD shows a higher low, prepare for impulse.

โš ๏ธ Risks and Management

- False retracements: If ETH breaks 61.8% Fib with high volume, avoid longs until new support.

- Macro news: Events like delays in ETH ETFs can cause abrupt volatility.

๐Ÿ› ๏ธ Recommended Tools on Binance

- OCO Orders: To automate entries on retracements and exits at resistances.

- Advanced Charts: Use Heikin-Ashi to filter noise in deep retracements.

๐Ÿ“Œ Conclusion: ETH maintains bullish bias, but retracements are key opportunities. Do you prefer to trade *pullbacks* or wait for breakouts? Share your approach!