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$ETH - Recovery Structure ($2,240 on OKX)
The market is in a recovery phase with a series of higher lows from the $1,938 bottom.
The RSI (~64), Funding, and Open Interest all support a slow upward trend (no FOMO yet). A breakout above $2,280 is needed to trigger further capital inflows.
Trading Plan (Prioritize waiting for pullbacks to go Long):
đą Long Plan (Probability ~60%)
âą Entry: $2,170 â $2,200
âą Target: $2,320 â $2,300
âą Stop-loss: $2,100
đŽ Short Plan (Probability ~4%)
âą Entry: $2,280 â $2,200
âą Target: $2,150 â $2,800
âą Stop-loss: $2,000
Holding the $2,150 mark: The uptrend structure remains intact.
Losing the $2,150 mark: Likely a return to the $2,050 accumulation zone.
I lean towards waiting for a correction to go Long instead of chasing FOMO during a breakout.
Which scenario do you prefer?
#DailyOrbit

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