Technical analysis by Goldfinch_song about Symbol ETH on 6/16/2025

Goldfinch_song

🎯 Trading Plan:Scenario 1 (Bullish Continuation):Buy or hold as long as price holds above VWAP Target move toward $3,000 –$3,430 (resistance zone)If breakout above $3,430 — watch for accelerationScenario 2 (Rejection at Resistance):Wait for confirmation of rejection (e.g., weekly SFP or bearish engulfing) in $3,000 –$3,430 zoneConsider short/hedge if rejection is confirmed, targeting a move back toward $2,600–$2,222Invalidation:Structure turns bearish only if price closes below $2,222🔔 Triggers & Confirmations:Uptrend intact as long as price is above VWAPConfirmation required for shorts: look for SFP or clear reversal pattern at resistance📝 Order Placement & Management:🔼 Buy/Hold: While price is above $2,222🛡️ Stop: Close below $2,222 (monthly close)🎯 Targets: $3,150 → $3,430🔻 Short/Hedge (optional): On confirmed weekly rejection at resistance🎯 Short Target: $2,600–$2,222🚨 Risk Warning:Main structure is bullish; any shorts are strictly countertrend and require strong confirmation