Maximize Gains with the $ETH ETF: Key Levels to Watch

In a 1-day timeframe (1st chart), I'm still bullish. We have a support area at $2.8k to $2.7k, and we saw $ETH bounce in that area. I see a pullback or a filling of the gap at $3.3k to $3.2k, and it may retest the current resistance at $3.7k to $3.6k. ETH might sweep those areas before going up again.

In a 4-hour timeframe, it's the same case for $BTC (2nd chart). It struggled to break the $63.6k area but managed to break it now. Currently, inside the golden zone, it was quickly rejected at $66k. We might see BTC play in this zone, between $66k and $63.6k. Back to ETH (3rd chart), it got rejected by the golden zone ($3.6k to $3.4k). There's a good opportunity to buy here at $3.2k and sell at the peak of the news. If we manage to break this golden zone, our target is $3.8k.

Both timeframes suggest the same thing: there's a possible pullback. I will also move my stop loss above profits and carefully watch the market. In case it shows bearish signs, I will close my positions and wait for another opportunity to open new ones.

Sell the news, buy the rumors!

#ETH_ETF_Approval_23July