$ETH /FDUSD Bounce or Breakdown?
After touching a high of $2,685, Ethereum saw a sharp correction to $2,529, where it found temporary support. It’s now hovering around $2,596, attempting a recovery.
Short-Term View:
$ETH is struggling below the $2,611 resistance zone. A break above this could reignite bullish momentum. However, failure here may lead to a retest of the $2,570 and $2,530 support zones.
Buy Pressure: 58.62%
Sell Pressure: 41.38%
Sentiment leans slightly bullish, but momentum is fragile.
Trade Setup:
🔹 Entry: $2,596
🔹 Stop-Loss: $2,528
🔹 Take-Profit Targets:
• TP1: $2,615
• TP2: $2,653
• TP3: $2,685
Watch for rejection or breakout at $2,611 it's the key level for the next move.
Trade here on $ETH