CHART INSIGHT – DECISION POINT AHEAD!
Ethereum has dipped into a major support demand zone between $2,400–$2,450 after a sharp retracement. Price is testing key trend support with oversold RSI — a potential bounce or breakdown zone!
Major Support: $2,420
Resistance to Watch: $2,580–$2,600
Volume Spike Incoming – consolidation tightening
RSI: 39 – entering rebound territory
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TRADE SETUP – BOUNCE OR BREAKDOWN?
LONG SETUP (If $2,420 holds)
Entry: $2,460–$2,490
TP1: $2,580
TP2: $2,720
TP3: $2,870
SL: $2,380
SHORT SETUP (If $2,420 breaks hard)
Entry: Below $2,400
TP1: $2,250
TP2: $2,120
SL: $2,470
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WHY ETHEREUM? WHY NOW?
Sitting at a make-or-break demand zone
Oversold RSI + Falling Wedge forming — potential bounce signal
Macro sentiment weak, but whales are sniffing discounts
ETH dominance stable while alts bleed — signal of resilience
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PRO TIPS TO TRADE THIS MOVE
Wait for clear 4H candle close above or below $2,450 for direction
Don't knife-catch! Let price confirm support or break
Use tight SLs — this is a volatility zone
Book partial profits quickly if market turns choppy
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FINAL THOUGHTS
Ethereum is currently in a fight-or-flight zone. If $2,420 holds, bulls could stage a short-term recovery bounce toward $2.8K.
But a breakdown here opens the door to deeper liquidity grabs near $2,200.
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Buy & Trade$ETH
at Your Own Risk!
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