Resistance is broken! But the battle isn't over. The bulls have taken the fortress, and now they must HODOR to confirm the new trend. But will they hold the door against the drop?
# - - - - -
Technicals:
1. Since the beginning of February, ETH is trading above and below the Long-Term Support/Resistance zone [$2044.0, $2138.0] which has played a significant role over the last 2 years.
2. In most cases the above mentioned S/R zone gets protected by trending party. That means if bears push the price below the zone, they usually defend it to ensure further trend continuation. Same applies to the bulls.
3. Current price behavior (presuming price remains above $2138.0) looks like bear exhaustion and bullish strength. If you take a look at resistance (blue circles) and support (green circles) you will see:
- Bears defending $2150.0 since 5 Feb. 2026 with slight stop-hunts above the level, and
- Bulls setting higher lows 4 times in a row, pinning the price to the zone
4. With the bears losing control the bulls pushed the price up to $2380.0. Whether it was a false breakout or not the time will show. After that the price retested the support zone once again but bounced outside on the news of 5-day ceasefire in Iran.
5. There are plenty of Liquidity Pockets above and below the S/R zone, which represent the targets for funds and other trading algorithms working for funds.
# - - - - -
Conclusion:
IF the price holds above [$2044.0, $2138.0] zone and there will be no EVERYTHING-CHANGING news, the ETHUSD will most likely find the local bottom and move to $2749.3 as a 1st Target.
# - - - - -
LONG SETUP:
✅ Entry Point: TRIGGER Above $2178.7
🛑 Stop-Loss: $1982.5
🤑 Target: $2749.3
The scenario will be invalidated if we see a strong close of 2 (two) 4H candles below $2015.0
# - - - - -
Good Luck! ☺️
# - - - - -
DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade.
# - - - - -
P.S Find a more detailed analysis on ETH in Related Publications >>>
P.P.S Are you a trader or a HODLer on crypto? Share your approach in comments below 👇
# - - - - -
Technicals:
1. Since the beginning of February, ETH is trading above and below the Long-Term Support/Resistance zone [$2044.0, $2138.0] which has played a significant role over the last 2 years.
2. In most cases the above mentioned S/R zone gets protected by trending party. That means if bears push the price below the zone, they usually defend it to ensure further trend continuation. Same applies to the bulls.
3. Current price behavior (presuming price remains above $2138.0) looks like bear exhaustion and bullish strength. If you take a look at resistance (blue circles) and support (green circles) you will see:
- Bears defending $2150.0 since 5 Feb. 2026 with slight stop-hunts above the level, and
- Bulls setting higher lows 4 times in a row, pinning the price to the zone
4. With the bears losing control the bulls pushed the price up to $2380.0. Whether it was a false breakout or not the time will show. After that the price retested the support zone once again but bounced outside on the news of 5-day ceasefire in Iran.
5. There are plenty of Liquidity Pockets above and below the S/R zone, which represent the targets for funds and other trading algorithms working for funds.
# - - - - -
Conclusion:
IF the price holds above [$2044.0, $2138.0] zone and there will be no EVERYTHING-CHANGING news, the ETHUSD will most likely find the local bottom and move to $2749.3 as a 1st Target.
# - - - - -
LONG SETUP:
✅ Entry Point: TRIGGER Above $2178.7
🛑 Stop-Loss: $1982.5
🤑 Target: $2749.3
The scenario will be invalidated if we see a strong close of 2 (two) 4H candles below $2015.0
# - - - - -
Good Luck! ☺️
# - - - - -
DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade.
# - - - - -
P.S Find a more detailed analysis on ETH in Related Publications >>>
P.P.S Are you a trader or a HODLer on crypto? Share your approach in comments below 👇
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Watch me on YT → youtube.com/@totsamiykaa
See me on Threads → threads.com/@totsamiykaa
Find me on Substack → substack.com/@totsamiykaa
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.
Follow me on Telegram → t.me/totsamiykaa
Watch me on YT → youtube.com/@totsamiykaa
See me on Threads → threads.com/@totsamiykaa
Find me on Substack → substack.com/@totsamiykaa
Watch me on YT → youtube.com/@totsamiykaa
See me on Threads → threads.com/@totsamiykaa
Find me on Substack → substack.com/@totsamiykaa
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.