ETH Choppy at $2,325: Trendline Test vs $2,348 Wall
ETH bounced from $2,285 low but now stuck below $2,332 MA resistance. Holding rising trendline at $2,325.
*Levels:*
Resistance: $2,348 - $2,350 zone - key horizontal + previous support. Above this = $2,383.
Support: $2,320 - $2,325 trendline. Break below targets $2,300 then $2,267 demand.
MA: $2,332 acting as immediate resistance.
*Trade:*
Long only if $2,325 trendline holds → SL $2,310 → TP $2,332 then $2,348.
Short on rejection at $2,348 → SL $2,358 → TP $2,325 then $2,267. Better RR.
No trade in between. Choppy zone.
*Why It Matters:*
Price compressed between rising trendline and $2,348 horizontal. Break of either side decides next $50 move.
Watch $2,325 hold or $2,348 break. No mid-range entries.
NFA. Manage risk.
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