🔥 ETH IS BACK ABOVE THE 4H MOVING AVERAGES — BUT 2,720 IS THE TEST.

ETH/USDT is trading around 2,700 after bouncing from 2,635.69. The 4H chart shows price back above MA7 (2,674.80) and MA25 (2,688.25), with stronger green volume during the rebound. The immediate resistance is the 2,721–2,724 area. A clean breakout could strengthen the recovery, while rejection may send price back toward the recent support. Current market analysis also highlights $2,700 as an important level and $2,635 as key downside support.

🟢 LONG SETUP

Entry: 2,690–2,705

TP1: 2,720

TP2: 2,750

TP3: 2,780

SL: 2,660

$ETH

🔴 SHORT SETUP — REJECTION

Entry: 2,715–2,725

TP1: 2,690

TP2: 2,675

TP3: 2,645

SL: 2,740

My take: Bulls have improved the 4H structure, but I’d want a clean breakout above 2,724 before treating the upside as confirmed. Which level breaks first — 2,724 or 2,675?

#Stablecoin adoption in payments #Fed bond yield curve flattens