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Huazi Talks Markets | ETH Morning Outlook
In the morning, Ethereum is tracking Bitcoin’s high-level range-bound volatility, with the price action consolidating as the wider trend builds energy for a shakeout. The large-scale uptrend structure remains bullish and steady, with no signals of a trend reversal.
The market is repeatedly battling around the central pivot, with bulls and bears roughly in balance. Resistance overhead at 2390-2410 is heavier on trapped-seller pressure, while key support below at 2330-2350 is the crucial defense zone.
On the four-hour chart, trading is running at reduced volume; bearish momentum is insufficient, indicators are repairing from lower levels, and the main focus is short-term consolidation and rest. The daily upward channel is intact, moving averages are providing bullish support, and pullbacks are opportunities to go long on dips.
Trading idea:
Buy in batches at 2350-2370
Targets:
2400-2450
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