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π₯ ETH Market Analysis β Bearish Daily Close at $2,303 (Apr 28)
π° Current Price: $2,290
π―οΈ Daily Close: Bearish at $2,303
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π 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.
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π Market Structure
- H4/D1: Pullback within early bullish structure
- Higher lows still forming
- No confirmed breakdown
π This is a correction phase, not a reversal (yet)
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π― Key Zones
π’ Entry Zone:
$2,200 β $2,260 β Strong demand area
π΅ Current Price:
$2,290 β Near entry edge (acceptable)
π΄ Resistance:
$2,350 β $2,400 β Major supply zone
Break above β targets:
- $2,500
- $2,650+
β« Support:
$2,180 β Key level
$2,050 β Breakdown level
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β οΈ Notes
- Bearish daily close = short-term selling pressure
- Structure still better than most alts
- Likely scenario:
- Sideways / pullback before continuation
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π§ Conclusion
$2,290 = decent entry, but not optimal
- No position β Wait for $2,220β$2,250
- Holding β Still valid, structure not broken
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π₯ Trade Setup
- Buy: $2,200 β $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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