Ethereum (ETH): Buyers Back in Control | From $2570 to $2800?

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Ethereum is still strong on the 1D timeframe, we are seeing the EMAs being controlled by buyers and secured, which is opening for us the gap to move towards the $2800 area.

What we want to see now is a proper BOS on the current timeframe at $2600, which would then be an ideal entry for a smaller long position!

Swallow Academy

5 dakika önce

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Buyers are doing a great job currently, keeping the price above the EMAs (which also have been marked by us as a retest area after we did that break of structure on the 2nd of July).

Now as long as we are above our buy zone, we are bullish on ETH. As many know, we are far away from the potential of ETH and the first target is at $2800-$3000.