Ethereum ($ETH ) is currently consolidating, with bullish momentum still evident above the $2,570 mark. The current trading price is $2,572.32, reflecting a slight increase of +0.44% after recovering from a low of $2,476.03 earlier in the day.
The price is positioned in the mid-range between support levels and the recent peak of $2,738.50. The order book shows a strong bias towards buying, with 65.73% of orders on the buy side, indicating that bulls are maintaining their position.
Trade Setup: Entry Zone: $2,565 – $2,580; Take Profit 1: $2,619; Take Profit 2: $2,674; Take Profit 3: $2,738; Stop-Loss: Below $2,507. As long as Ethereum remains above $2,570, the potential for a bullish move towards $2,738 is still viable.
