Ethereum at a Turning Point – Can Bulls Reclaim $2,550?
Ethereum $ETH is hovering near $2,493, just below key support at $2,550, after a sharp rejection from $2,800. Despite market pressure, ETH has shown relative strength, holding above $2,400 during the broader crypto pullback.
A TD Sequential Buy Signal recently appeared on the 4H chart, but was invalidated as ETH slipped below major EMAs and SMAs. Now, $2,450 acts as critical short-term support. If it breaks, $ETH may revisit $2,300 (200 SMA).
🔑 Key Levels:
Support: $2,450 / $2,300
Resistance: $2,550 / $2,650 / $2,800
Reclaiming $2,550–$2,600 could restore bullish momentum and spark a move toward $2,700+. Watch volume and structure closely — bulls must defend this zone to avoid deeper downside.
