ETH Update: The Squeeze is On 📈
ETH is currently trapped in a high-stakes "tug of war." We’ve got Buy Power holding the floor at $1,900, but the $2,030 resistance is acting like a heavy ceiling.
The Game Plan:
The Trend: We’re riding an ascending trendline (orange). As long as we hold above it, the bias remains slightly bullish.
The Long Play: Looking for a bounce off the trendline near $1,960 or a clean breakout above $2,040.
The Warning: A 15m candle close below the orange line kills the momentum—expect a slide back to $1,920.
The Play: Stay patient. Don't chase the middle; wait for the trendline bounce or the resistance break.
ETH
1,960.45
-1.42%