๐ Ethereum (ETH/USDT) โ Critical Support Zones & Next Move! ๐๐
๐ Current Price: $2,237.53
๐ข Daily Change: +0.44%
๐ Resistance Zones:
๐บ $2,810.15 โ Major rejection zone, ETH failed to break above this level and sharply reversed.
๐บ $2,490.43 โ Recently broken support, now acting as resistance on any short-term recovery.
โ Support Zones:
๐ฉ $2,319.02 โ Previous key level, broken but could still act as intraday resistance if retested.
๐ฉ $2,205.10 โ Currently acting as short-term local support, price holding just above this line.
๐ข $2,104.42 โ Major buy zone; this is where buyers could step in aggressively if $2,200 breaks.
๐ Technical Breakdown:
ETH has broken below the rising channel, confirming a bearish breakdown.
Volume increased significantly during the breakdown, showing strong selling pressure.
Current candles show indecision near $2,200, suggesting a possible relief bounce or consolidation.
๐ฎ Next Possible Move:
1. Bullish Scenario:
If $2,200 holds and volume supports a bounce, ETH could aim for $2,319 โ $2,490.
RSI Oversold signals may trigger short-term recovery.
2. Bearish Scenario:
If ETH breaks down below $2,200 and fails to hold $2,104, the next drop could accelerate toward $2,000 psychological support.
๐ง Pro Tip:
"Volume confirms moves!" Keep an eye on bullish volume surges near support for a reversal. A clean retest of broken support may offer shorting opportunities too.
๐ Disclaimer: This is not financial advice. DYOR (Do Your Own Research) and manage risk accordingly.