$ETH #Ethereum recently experienced a sharp correction, plunging from $2,679 to a low of $2,381 — an 11% drop in just a few candles. However, a recovery may be underway, as buyers are stepping in around the $2,460 demand zone.
Key Question: Is this just a dead-cat bounce, or the beginning of a meaningful reversal?
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🔍 Price Action Overview:
Dumped from $2,679.88 → $2,381.49
Recovered to around $2,461 with modest momentum
Still trading below the key resistance at ~$2,497
A daily close above $2,500 is needed to confirm bullish continuation
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📈 Potential Trade Setup (Rebound in Progress):
Entry (Long): $2,455 – $2,470
Take Profit Targets:
TP1: $2,498
TP2: $2,563
Stop Loss: $2,415
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⚠️ Caution: If $ETH breaks below $2,430 again, expect further downside pressure. This rebound must be supported by volume and momentum to confirm a true reversal — other
wise, it risks fading into lower lows.