$ETH BOUNCE OR BREAKDOWN? WATCH THIS ZONE!
Ethereum is attempting a bounce after hitting the key demand zone near $2,470, following a sharp selloff of -4.1%. The current price action is forming a potential reversal pattern on the 15m chart, but bulls must hold this level to prevent further downside.
If $ETH holds above $2,475 and pushes past $2,500, a move toward $2,592 is likely. However, a breakdown below $2,456 would invalidate the setup and signal renewed bearish pressure.
Trade Setup:
Entry: $2,475 – $2,490
TP1: $2,525
TP2: $2,560
TP3: $2,592
SL: $2,456
