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Cryptowzrd, his latest update With X, highlighted EthereumIt is an unjustly close one, suggesting that the market is still looking for a clear direction. Despite the uncertainty, he remains optimistic, noting that both Bitcoin and BTC dominance show strength that will benefit ETH in the near future, as $2,800 is marked as the next major resistance.
Mixed signal across Ethereum key time frames
In the post, Cryptowzrd pointed to the mixed range of Ethereum across key time frames. Monthly candles ended indecisively, informing them of short-term hesitations, and quarterly candles closed with strong bullishness Convicted. This, he suggests, will set a stage of movement that will be more upward in the coming months as higher time frames begin to insist on domination.
Related readings
He emphasizes that both ETH and ETHBTC’s daily candles today are equally indecisive, reflecting the current uncertainty of the market. However, Bitcoin domination It begins to fade, he considers the possibility that ETHBTC will pick up strength.
According to Cryptowzrd, ETHBTC already shows signs of life, heading up from the monthly double bottom layer. He believes it is beautiful, strong The candles formed from the 0.02270 BTC area help inject fresh momentum into Ethereum and drive towards a critical level of radar of $2,800 resistance.
He added that $2,400 will remain Ethereum’s main daily support zone unless there is a negative underlying development. As far as this applies, it’s wider structure It remains unharmed, and bullish papers remain valid.
Looking ahead, Cryptowzrd plans to turn his attention to a lower time frame tomorrow. Play volatility and set up Brewing, he carefully looks at the opportunity for a quick scalp as Ethereum navigates this important area.
I’m waiting to check the chart for the next day
In his last comment, Analyst We noted that Ethereum’s daytime charts experienced increased volatility throughout the day. Despite the choppy price action, he sees a clear setup formation that can present solid trading opportunities in the short term.
Related readings
Definitive happen Also, exceeding the $2,550 resistance level is a strong bull signal and could open the door for potentially long entries. On the back, if the price returns to $2,380 support and forms a bullish inversion pattern, it could also serve as a useful trigger for long positions.
With these scenarios in mind, analysts plan to closely monitor the intraday charts. His focus is on finding a clean, high quality setup. This matches the price structure and momentum to effectively spend the next scalp trade.
Getty Images Featured Images, Charts on tradingView.com
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