ETH · 1H · UPTREND
Price has been trending up from the ~1,480 lows in late June, carving out a clean series of higher highs and higher lows through early-to-mid July, tagging 1,950+ at the peak. The recent pullback from that high has brought price back to the 1,840–1,860 zone, which is where the prior consolidation ceiling sat before the breakout — that level is now acting as support, and I'm watching how price handles it. Current price at 1,852 is sitting right on that former resistance/now-support zone, and if it holds, the structure stays intact for continuation. The Zenith/Progmat headline around ETH-compatible infrastructure tokenizing Japan's repo market is a quiet fundamental tailwind — not a catalyst for today, but it confirms institutional interest in the ETH ecosystem is alive.
LONG SCENARIO
Confirmation
1,880
Closing above 1,880 on the 30m/1H confirms price has reclaimed the short-term breakdown zone and bullish structure resumes.
Invalidation
1,820
Structure invalidated below 1,820 — that's where the prior swing base sits and losing it flips this into a failed breakout.
Target 1
1,920
Prior reaction high from the July 15–16 range.
Target 2
1,950
The swing high from the recent move up.
Risk/Reward
(1,920 - 1,880) / (1,880 - 1,820) = 40 / 60 = 0.7:1 to T1 / (1,950 - 1,880) / (1,880 - 1,820) = 70 / 60 = 1.2:1 to T2
Resistance: 1,880 / 1,920–1,950
Support: 1,840–1,850 / 1,820
This is not financial advice. Content is AI-generated.