ETHUSDT
ETHEREUM/TETHERUS
◆ ETH/USDT - Technical Analysis (4H Chart)
Ethereum recently bounced from a key demand zone around $2,430-$2,480, following a sharp retracement from the $2,870 peak. The pullback respected this zone, aligning with the intersection of a former downward trendline, now acting as support.
Key Technical Highlights:
Break and Retest: Price broke above the downward trendline, retested it, and is now attempting a rebound - this confirms a potential bullish continuation.
Demand Zone Respected: The reaction from the demand area signals buyer interest and market structure preservation.
Volume Spike: Increased volume at the bounce point adds weight to bullish conviction.
Upside Targets:
Immediate Resistance: $2,720-$2,750
Final Target Area: $2,870+
Invalidation: A break below $2,430 would invalidate the bullish structure and expose lower support levels.
Bias: Bullish, while price holds above $2,430 and maintains higher low formations. Watch for a clean break above $2,640 to confirm momentum toward resistance zones.
◆ Community Insight:
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