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

Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more

Replies

No comments yet. Be the first to reply!