Is Ethereum preparing for a bullish reversal? Or more correction?
Current price: $2,457.81
Daily drop: -4.56%
Highest price in 24 hours: $2,595
Lowest price: $2,446
ETH trading volume: over 502 thousand in 24 hours!
---
Technical analysis by Tradexel_FX:
Ethereum broke the temporary support line at $2,500
It is now approaching the lower Bollinger band, which may indicate a potential rebound opportunity.
The MACD indicator shows a negative crossover… but momentum indicators are in oversold areas.
Next strong support areas: $2,300 and $2,150
If it returns above $2,550, there will be a strong push towards $2,750 again.
---
The most important question for the trading community:
Do you see this drop as a buying opportunity? Or is the drop not over yet?
Yes, a golden buying opportunity
No, wait for more correction
Neutral… I’m waiting for a clearer signal
---
Follow me daily for the strongest market analyses and sensitive levels for currency movement.
