Post
๐ฅ ETH Market Analysis โ Bearish Daily Close at $2,303 (Apr 28)
๐ฐ Current Price: $2,290
๐ฏ๏ธ Daily Close: Bearish at $2,303
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๐ Market View
ETH closed the daily candle bearish at $2,303, showing short-term weakness after recent recovery. Price is now hovering near support โ market entering a decision phase.
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๐ Market Structure
- H4/D1: Pullback within early bullish structure
- Higher lows still forming
- No confirmed breakdown
๐ This is a correction phase, not a reversal (yet)
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๐ฏ Key Zones
๐ข Entry Zone:
$2,200 โ $2,260 โ Strong demand area
๐ต Current Price:
$2,290 โ Near entry edge (acceptable)
๐ด Resistance:
$2,350 โ $2,400 โ Major supply zone
Break above โ targets:
- $2,500
- $2,650+
โซ Support:
$2,180 โ Key level
$2,050 โ Breakdown level
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โ ๏ธ Notes
- Bearish daily close = short-term selling pressure
- Structure still better than most alts
- Likely scenario:
- Sideways / pullback before continuation
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๐ง Conclusion
$2,290 = decent entry, but not optimal
- No position โ Wait for $2,220โ$2,250
- Holding โ Still valid, structure not broken
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๐ฅ Trade Setup
- Buy: $2,200 โ $2,260
- SL: $2,050
- TP1: $2,400
- TP2: $2,500+
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#ETH #Ethereum #Crypto #Trading #OK
$ETH
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