$ETH Key Levels and Catalytic Insights
Support Zone: $1,750 (aligned with the weekly Bollinger Band midline and whale cost concentration). A break below this level could trigger a wave of stop-loss orders.
Resistance Zone: $1,900–$1,950 (previous high resistance and the options market’s maximum pain point). A breakout could drive a move toward $2,000.
Strategic Recommendations
1. Long Setup: Look for a pullback and stabilization between $1,750–$1,780 (supported by RSI signals).
2. Short Opportunity: Watch for a rebound to $1,900–$1,950 facing resistance (evidenced by declining volume or a double top pattern); target $1,800 with a stop-loss at $1,980.
3. Event-Driven Play: If the Federal Reserve adopts a hawkish tone or U.S. equities sharply decline, consider shorting ETH/BTC pairs as a hedge.
Risk Alerts
Liquidation Risk: A surge in ETH borrowing on Aave is inflating leverage. Short liquidation prices are clustering around $1,950–$2,000 — caution advised for potential short squeezes.
Macro Volatility: Monitor today's performance in U.S. tech stocks and any Federal Reserve policy updates — market swings over 10% are possible.