$ETH /USDT TECHNICAL ANALYSIS – BULLISH MOMENTUM REBUILDING ABOVE KEY SUPPORT
#Ethereum is stabilizing above the $2,540 mark after a brief pullback, with buyers defending the zone between $2,500–$2,520. Recent price action shows a strong wick rejection near $2,528, indicating renewed bullish interest. If ETH holds above $2,540 and breaks $2,565 resistance, it may spark a move toward higher levels.
Trade Setup (LONG):
Entry: $2,540 – $2,525
Target 1: $2,580
Target 2: $2,616
Stop Loss: $2,490
Why Long?
Ethereum bounced from local demand near $2,500 and flipped short-term resistance into support. With volume increasing slightly and no aggressive selling pressure visible, ETH could attempt a push toward $2,600 if market conditions remain stable. A 4H candle close above $2,565 would confirm upside momentum.
Risk Management Tip:
Keep SL tight below $2,490. Don't chase the move — wait for a clean entry near support and always use position sizing to manage risk.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
