I typically steer clear of highly volatile plays, but the technical setup on ETH caught my attention today. The price action and key levels are aligning nicely for a potential day trading move. The confluence of support and resistance zones, combined with volume confirmation, makes this setup worth monitoring closely. If these levels hold, there's a solid risk-reward opportunity shaping up. Not saying it's a guaranteed winner, but the setup has merit for active traders looking to capitalize on intraday swings.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
LuckyBearDrawer
· 9h ago
This technical aspect of ETH is indeed quite interesting, and the support and resistance points align quite coincidentally.
View OriginalReply0
ser_we_are_early
· 9h ago
Really? Is the technical outlook for ETH this clear this time? I didn't notice...
View OriginalReply0
orphaned_block
· 17h ago
It does seem a bit interesting, but I still need to wait for the breakout before saying anything.
View OriginalReply0
DegenDreamer
· 17h ago
ETH's recent technical outlook is quite interesting; if the support levels don't break, there might really be a chance.
View OriginalReply0
GateUser-a606bf0c
· 17h ago
ETH's chart this time definitely has some substance. As long as the support level holds firmly, you can get in. However, no matter how volatile the intraday movements are, I will only follow one wave.
View OriginalReply0
MysteriousZhang
· 17h ago
Ethereum's technical outlook is indeed interesting. If the support levels fail to hold, we might see a sharp decline.
View OriginalReply0
unrekt.eth
· 17h ago
ETH technicals are indeed good, but for this intraday swing, I still need to observe the trading volume before making a decision. The risk-reward ratio is also decent.
I typically steer clear of highly volatile plays, but the technical setup on ETH caught my attention today. The price action and key levels are aligning nicely for a potential day trading move. The confluence of support and resistance zones, combined with volume confirmation, makes this setup worth monitoring closely. If these levels hold, there's a solid risk-reward opportunity shaping up. Not saying it's a guaranteed winner, but the setup has merit for active traders looking to capitalize on intraday swings.