ETH at Confluence Resistance – The Trade I’m TakingEthereum / US DollarCOINBASE:ETHUSDMihai_IacobYesterday, in my BTC analysis, I mentioned that although price is currently unfolding within a flag structure — and sentiment across crypto is largely bearish — I still expect a relief rally. The same idea applies to Ethereum. I’ve been holding a buy position from the 2000 level since early March, and at this stage, I’m looking to increase my exposure. Looking at the chart, the broader structure remains clearly bearish. Just like in Bitcoin’s case, the recent consolidation can easily be interpreted as a pause before a continuation lower. Moreover, in Ethereum, price is currently trading right into a strong confluence resistance, defined by: - the falling trendline - a key horizontal level This is exactly the type of area where many would expect rejection. However… there is a nuance worth paying attention to. At the end of March, price printed a timid higher low, just below the 2000 level. Since then, price has been pressing into resistance, not rejecting it aggressively. This type of behavior often suggests absorption rather than weakness. 📊 Trading Plan With this context in mind, I’m looking to double my exposure, based on the following parameters: Entry: Buying dips under 2200 (scaling in) Target: 2800 resistance Stop: 1900 This setup offers approximately a 1:3 risk-to-reward ratio (overall trade), which aligns well with my overall risk management approach. 🚀 Final Thoughts At the end of the day, no one knows for sure what the market will do next. Our job is not to predict — our job is to manage risk and position ourselves intelligently. If the market confirms, we participate. If not, we step aside with controlled losses. That’s the game. 🚀