$ETH

Is ETH Gearing Up or Breaking Down? 🔑📉📈

$1,688 Holds the Key!

Ethereum has shown some strength lately. After a sharp drop, it held the $1,550 support for three straight weeks—a good sign on the weekly chart.

But let’s not rush. When you zoom out to the monthly chart, the bigger picture shows more risk.

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What to Watch on the Monthly Chart

If ETH closes below $1,634 this month, it could drop to $1,563.

If $1,563 doesn’t hold, the next stop could be $1,200.

On the bullish side, if ETH climbs back above $1,888, we might see a rally toward $2,218 or even $2,500.

What to Watch on the Weekly Chart

A weekly close below $1,688 puts $1,634 back in play.

A weekly close above $1,688 opens the door for $1,888.

What the Daily Chart Says

ETH is currently moving between $1,546 and $1,692.

A daily close above $1,692 could trigger a move to $1,802.

But be careful—this could be a fakeout.

For a safer entry, wait three days after the breakout to confirm strength.

Momentum Watch

A move above $1,692 would also break the 50 RSI barrier—something ETH hasn’t done since January 31.

That would signal a potential shift in momentum from bearish to bullish.

Final Thoughts & Advice

If you're a long-term holder, it’s smart to stay cautious right now. The bigger trend still carries downside risk.

Short-term traders have potential setups forming, but wait for confirmation—especially around the $1,692 level.

Don’t rush entries—be patient, follow the candles, and let the chart guide you.

And as always: Use risk management and never trade on hype alone. Stay sharp!