$ETH 🚨 SHOCKING ETH Price Reaction! Is This the Start of a Major Rebound? 🚨
🔹 Current Price: $2,669
📊 Timeframe Observed: 15min | 1h | 1D
🕰️ Trade Duration: Short to Medium-Term
📍 Trend Signal: Reversal Signal Observed on 15m and 1h
🧠 Chart Insights
✅ 15M: $ETH just printed a strong bullish engulfing candle after hitting the lower Bollinger Band at ~$2,634, showing clear signs of buyer defense.
✅ 1H: Recovery candle formed after extended bearish push; oversold bounce confirmed by Stoch RSI reversal.
✅ 1D: Despite intra-day pressure, daily chart remains in consolidation with higher-low structure intact, indicating accumulation phase continuation.
📌 Key Levels to Watch:
Support: $2,634 / $2,569
Resistance: $2,701 / $2,788
Break above $2,701 = bullish continuation likely
🛠️ Strategy Plan:
🎯 Scalp Buy Range: $2,660–$2,670
🎯 Short-Term Target: $2,700–$2,740
📛 Stop-Loss: $2,618 (just below last wick)
📈 Alternative Strategy: Accumulate in the dip zone for a breakout retest above $2,788 with 4H volume confirmation
📣 Why It Matters:
ETH's intraday dip attracted sharp buying interest, hinting at institutional spot defense near key zones. As BTC stabilizes, $ETH might outperform with stronger volatility plays. RSI + volume divergence suggests upcoming explosive price action.
💡 Pro Tip: Avoid panic-selling during Bollinger band compression phases. Look for candle confirmation and volume surge at edges. ETH is still one of the strongest Layer-1 narratives backed by high TVL and network activity.
🧠 Mindset Quote:
"True patience isn't passive; it’s concentrated power." 💥
📛 Disclaimer: This is not financial advice. Please DYOR before entering any position.