$ETH Is Approaching a Make-or-Break Level
After a strong rebound from the 1,700 area,
$ETH is building a short-term bullish structure with higher highs and higher lows on the 4H chart. Buyers are showing renewed interest, but the real test remains the 1,800β1,850 resistance zone.
A confirmed close above 1,800 with strong volume could trigger the next leg higher toward 1,900 and potentially 2,000. Until then, traders should stay disciplined and avoid chasing price inside resistance.
Support: 1,750β1,700
Resistance: 1,800β1,850
Major upside target: 2,000
Market structure is shifting from recovery mode to potential bullish continuation, but confirmation is still required. Let the breakout prove itself.
β’ Breakout Long: Daily/4H close above 1,800 with volume confirmation
β’ Pullback Long: 1,750β1,760 on a bullish reversal candle
TP:
β’ 1,900
β’ 2,000
SL:
β’ Breakout Setup: 1,750β1,730
β’ Pullback Setup: Below 1,730
Risk only 1β2% per trade and consider trailing stops above 1,850 to protect profits.