$ETH /USDT – Recovery Bounce in Play! 🚀
📈 Current Price: $2,553.98 (+2.33%)
🔥 Market Structure:
After hitting a local low near $2,442, $ETH rebounded strongly with a clear bullish engulfing candle on the 15m chart, showing a potential shift back to upward momentum.
⚡ Key Levels:
Resistance: $2,600
Support: $2,520
Breakout Level: $2,560+
🎯 Trade Setup:
Entry Zone: $2,540 – $2,555
TP1: $2,580
TP2: $2,610
SL: Below $2,520
📊 Market Insight:
Volume picked up significantly during the bounce, suggesting strong buyer interest at lower levels. This could be the start of a broader recovery if price sustains above $2,560.
💡 Pro Tip:
Wait for a 15m candle close above $2,560 to confirm breakout strength. If rejected, watch $2,520 for a potential retest bounce.
⚔️ Bulls are staging a comeback—watch closely for breakout confirmation and ride the wave!
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