$ETH $ETH
Ethereum at Key Support – Is a Reversal Coming?
Ethereum ($ETH) is testing a crucial support level around $2,550, and it just confirmed a double-bottom pattern—a classic bullish signal, especially when paired with rising trading volume. This level also lines up with the 200-day moving average, adding further technical strength to the setup.
Why This Matters:
In the past, when Ethereum has held this support, we’ve typically seen bounces of 8–15% within two weeks. Right now, selling pressure is fading while buying interest increases—a setup smart traders look for. Some big players are already accumulating before the breakout becomes obvious.
Current Setup:
Price: $2,550 (at key support)
Pattern: Double-bottom
Volume: Increasing (indicating accumulation)
Technical Confluence: 200-day moving average holds as support
Entry & Targets:
Entry Zone: $2,550 (ideal spot)
Take Profit Levels:
TP1: $2,575 (short-term scalp)
TP2: $2,600 (key resistance)
TP3: $2,650 (previous high)
Bullish Signals to Watch:
Support is holding with lower selling volume
RSI divergence on the 4-hour chart
Stablecoin inflows are rising, showing buyer readiness
Broader market is shifting toward risk-on sentiment
Pro Tip: Don’t wait for the breakout to confirm—positioning early at strong support offers a better risk/reward setup, with clear invalidation below $2,520.
Are you ready for this move?
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