ETHUSDT remains bearish on H4 after losing the 2,000 psychological level. Price is below both EMAs, while the short EMA near 2,030 and the long EMA near 2,085 continue sloping downward.
The key support zone is 1,980–1,960. If ETH fails to hold this area, downside pressure may extend toward 1,920 and 1,880–1,840.
ETH sentiment remains weak, especially after the break below 2,000 and rising futures open interest, which increases the risk of sharp volatility.
Trade Plan
Buy setup: wait for ETH to test 1,960–1,940. If strong rejection or absorption appears, targets are 2,030 and 2,085.
Sell setup: if ETH closes H4 below 1,960, avoid catching the bottom. Targets become 1,920 and 1,880.
Continuation sell: if 1,880 breaks, the next liquidity zone may sit around 1,840.
Invalidation: strong H4 close above 2,085.
The key support zone is 1,980–1,960. If ETH fails to hold this area, downside pressure may extend toward 1,920 and 1,880–1,840.
ETH sentiment remains weak, especially after the break below 2,000 and rising futures open interest, which increases the risk of sharp volatility.
Trade Plan
Buy setup: wait for ETH to test 1,960–1,940. If strong rejection or absorption appears, targets are 2,030 and 2,085.
Sell setup: if ETH closes H4 below 1,960, avoid catching the bottom. Targets become 1,920 and 1,880.
Continuation sell: if 1,880 breaks, the next liquidity zone may sit around 1,840.
Invalidation: strong H4 close above 2,085.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.