From TradingView · · 1m 20s
ETH is stuck between 2480 and 2660
A 30-minute read of Ethereum's chart: where the spike failed, where buyers are still showing up, and the level that kills the whole idea.
In brief
A 30-minute read of Ethereum's chart: where the spike failed, where buyers are still showing up, and the level that kills the whole idea. The trade is bullish only while 2480 holds. Wait for a reaction off 2500-2520 or a clean close above 2540 instead of buying into resistance. Originally reported by TradingView.
Bullish, but at a decision point
Ethereum on the 30-minute chart looks like a strong push up, a rejection, then a pause. The long idea holds as long as 2480 stays protected.
“Overall bias: 🟢 Bullish, but price is at a decision area.”
How the structure got here
ETH ranged between 2420 and 2540, expanded hard toward 2640-2660, got rejected, dropped, and is now sitting around 2520-2540.
“Accumulation/range → bullish expansion → liquidity rejection → retracement → consolidation”
Two walls overhead
2520-2540 is immediate resistance, so buying right here is the expensive version of the trade. Above that, 2640-2660 is where the last spike died.
“A clean breakout and acceptance above 2660 would significantly strengthen the bullish structure.”
2480 is the line
2500-2520 is the first spot to watch for buyers stepping in. 2480 is structural: hold it and the bull case lives, lose it and 2420-2440 is next.
“If ETH stays above 2480, the bullish scenario remains valid.”
The plan and the invalidation
Buy 2500-2520 on confirmation, targets at 2560, then 2600-2620, then 2640-2660. A strong 30M close below 2480 with no reclaim ends it.
“Alternative: 🔴 SELL only after a confirmed break and retest below 2480.”
Why the spike matters
That run above 2660 swept liquidity over the old highs before reversing, so sellers are real up there. Buyers defending the lows are real too.
“2640, 2660 is not ordinary resistance, sellers clearly reacted there.”
The takeaway
The trade is bullish only while 2480 holds. Wait for a reaction off 2500-2520 or a clean close above 2540 instead of buying into resistance.
