$ETH Reversal Signal: Bounce Setup From Key Support Zone🚀💸
$ETH is flashing strong reversal signals after testing critical support at $2,436.98. The dramatic selloff created oversold conditions with bullish rejection wick confirming buyer interest at 99 MA support zone.
Trade Setup:
Entry Zone: $2,520-$2,540 (on confirmed green 4H candle)
1️⃣ Targets: $2,610 | $2,700
2️⃣ Stop Loss: Below $2,435
3️⃣ Risk/Reward: Favorable 1:3+ ratio
Technical Catalyst: The fear-driven crash to $2,436 created perfect contrarian opportunity as institutional buyers stepped in. Recovery signs emerging with potential short-term reversal rally building momentum.
Confirmation: Watch for sustained move above $2,599 to validate bullish thesis.
Risk management essential—only enter with proper position sizing and confirmed signals.
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