$ETH TRYING TO RECLAIM $2,600 – IS THE DOWNTREND OVER?
$ETH is trading at $2,592.08, up +1.06%, after bouncing off the daily low of $2,557.01. Buyers are showing strength, but price must push above $2,600 to confirm a short-term reversal.
Key Levels to Watch
Resistance:
• $2,598
• $2,622
• $2,640
Support:
• $2,580
• $2,557
Trade Setup – Recovery in Progress or Just a Relief Bounce?
Bullish Entry:
Break above $2,598 could lead to:
• TP1: $2,622
• TP2: $2,640
Bearish Entry:
Drop below $2,580 could trigger:
• TP1: $2,557
• TP2: $2,520
Stop-Loss:
• Longs: Below $2,577
• Shorts: Above $2,600
$ETH is attempting a reversal, but faces strong resistance just ahead. If bulls reclaim $2,600 convincingly, the path to $2,640 opens up. A failure to hold $2,580 could reset the downtrend.
