$ETH / USDT – Pullback in Progress: Watch This Key Support Zone!

Ethereum is experiencing a pullback after a recent peak, with high volume and an important support level nearby. Traders should stay alert for a potential bounce or deeper correction.

Current Price: $1,769.82

24h Change: -1.96%

24h High: $1,828.22

24h Low: $1,757.58

24h Volume (ETH): $11.74B

Market Cap: $213.49B

Bearish Setup (Short-Term):

Entry Zone: $1,770–$1,800

Take Profit 1: $1,700

Take Profit 2: $1,650

Stop Loss: $1,830

Market Insight:

MACD: In bearish territory, indicating continued downward pressure.

Parabolic SAR: Flipped to bearish, suggesting a potential downtrend.

Support Level: Price is hovering near support at $1,757.58.

Action Plan:

If price breaks below $1,757.58 with volume, it could trigger another wave of selling.

If holding long, consider defensive stops.

For shorts, wait for a weak bounce toward $1,800–$1,830 before entering.

Pro Tip:

Volume spikes near bottoms can mark turning points — monitor for bullish divergence on shorter timeframes before considering a reversal trade. Risk management is key in high-volume breakdowns.

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