$ETH /USDT – Consolidation After Support Bounce
Guy's check results...
$ETH is holding key support!
ETH is trading at $3,163.32 (+1.09% in 24h), consolidating slightly above the $3,150 pivot point after bouncing from the 24-hour low of $3,073.33. Volume of $1.61B (USDT) shows moderate activity. The price action indicates strong defense of the lower support levels, suggesting a potential short-term continuation of the rebound.
Trade Plan (Long)
Entry Zone: $3,150 – $3,175
TP1: $3,250 (Targeting the recent 24h high)
TP2: $3,300 (Psychological Resistance)
TP3: $3,375 (Previous Swing High Area)
SL: Below $3,050 (Safely below recent structural support)
The $3,050-$3,100 zone has proven to be a reliable area of interest. If bulls can maintain momentum above $3,150, we expect a push to retest higher resistance targets in the short term.
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