Ethereum nears $2,332–$2,420 resistance zone, risks pullback toward $2,037 support
Ethereum nears $2,332–$2,420 resistance; “third tap” eyed, $2,037 support in focus
Ethereum approaches a key resistance band at $2,332–$2,420. Momentum on the latest recovery is fading, raising rejection risk at the top of the range according to recent price action and new levels shared by More Crypto Online.
On higher timeframes, price tracks a range aligned with a TCT distribution model. The Composite Trader says this structure can rotate bearish while the wider range stays intact on X.
Setup isn’t confirmed yet. The analyst wants a clean third tap into resistance before a downside trigger per his notes.
Until then, he hunts lower-timeframe accumulation to push price into that “third tap” zone. He links LTF longs into HTF shorts to compound gains, a “TCT creates TCT” sequence via LTF setups and model context.
More Crypto Online places first major resistance at $2,332–$2,420. If price moves into that band in a clear three-wave rise, the bounce likely stays corrective and attracts sellers per his map and recent sell-pressure reads. Key support sits at $2,037; a decisive break would increase odds of an extended correction before any larger recovery rally on his chart and broader recovery scenarios.
- HTF trigger: clean third tap into resistance as outlined
- Resistance zone: $2,332–$2,420 per MCO
- Support to watch: $2,037 on the same map
- Structure tell: three-wave rise into resistance implies corrective bounce per wave count
- Trade path: LTF longs into the zone, rotate to HTF shorts near resistance via LTF setups
