Post
PriceActionLab
PriceActionLab
πŸ”₯ ETH Market Analysis – Bearish Daily Close at $2,303 (Apr 28) πŸ’° Current Price: $2,290 πŸ•―οΈ Daily Close: Bearish at $2,303 --- πŸ“Š Market View ETH closed the daily candle bearish at $2,303, showing short-term weakness after recent recovery. Price is now hovering near support β†’ market entering a decision phase. --- πŸ“ˆ Market Structure - H4/D1: Pullback within early bullish structure - Higher lows still forming - No confirmed breakdown πŸ‘‰ This is a correction phase, not a reversal (yet) --- 🎯 Key Zones 🟒 Entry Zone: $2,200 – $2,260 β†’ Strong demand area πŸ”΅ Current Price: $2,290 β†’ Near entry edge (acceptable) πŸ”΄ Resistance: $2,350 – $2,400 β†’ Major supply zone Break above β†’ targets: - $2,500 - $2,650+ ⚫ Support: $2,180 β†’ Key level $2,050 β†’ 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 β†’ Wait for $2,220–$2,250 - Holding β†’ Still valid, structure not broken --- πŸ”₯ Trade Setup - Buy: $2,200 – $2,260 - SL: $2,050 - TP1: $2,400 - TP2: $2,500+ --- #ETH #Ethereum #Crypto #Trading #OK $ETH

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

Replies

No comments yet. Be the first to reply!