$ETH Ethereum ($ETH) recently saw a sharp correction, dropping from $2,679 to a low of $2,381 — an 11% slide in just a few candles. While the move shook market sentiment, early signs of a rebound are appearing around the $2,460 demand zone.
🔍 Key Question:
Is this a dead-cat bounce or the beginning of a real recovery?
---
📉 Price Action Summary:
Sharp decline: $2,679 → $2,381
Modest recovery to ~$2,461
Still trading below key resistance at $2,497
A daily close above $2,500 is critical to confirm a bullish trend continuation
---
📈 Trade Setup: Rebound in Progress?
Entry (Long): $2,455 – $2,470
Take Profit Targets:
TP1: $2,498
TP2: $2,563
Stop Loss: $2,415
---
⚠️ Watch This Level:
If $ETH breaks below $2,430, expect renewed bearish pressure. The current bounce must be backed by volume and momentum to validate a genuine reversal. Without that, lower lows may be on the horizon.
---
💬 What
’s your take — recovery or more downside ahead?$ETH