ETH Building Blocks - Keep it Simple

24 Jun

🧱 Building Block - ETH Weekly Analysis 🧱

Ethereum has been trading within a well-defined structure, respecting key horizontal zones — each acting as a crucial building block in ETH’s macro journey.

🔹 Zone 1 ($1,700 - $2,100)
A strong demand and accumulation zone. ETH bounced from here multiple times, proving itself as the foundation of the current bullish attempt.

🔹 Zone 2 ($2,400 - $2,600)
We're currently hovering around this key mid-range resistance. A successful break above it would pave the way for the next major leg up.

🔹 Zone 3 ($2,900 - $3,400)
A major historical resistance turned supply area. ETH needs strong momentum and volume to break through this ceiling.

🔹 Zone 4 ($3,800 - $4,200)
The final building block before retesting ATH territory. A retest here could signal full bullish control in the coming months.

📍 As long as Zone 1 holds, ETH remains structurally bullish. Watch for breaks and rejections at each building block to gauge the next move.

Which block will ETH break next? 🔮

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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