๐ฅ $ETH Flash Dip on Binance โ Is This the Bounce Opportunity Youโve Been Waiting For?
$ETH is currently facing strong selling pressure, down -6.73% and trading at $2,273.03 against USDT. After touching a 24-hour high of $2,443.30, the price sharply reversed, sliding to a low of $2,216.00, indicating clear bearish momentum in the short term.
Despite this drop, technical signs suggest a potential bounce might be in the making. The 15-minute candlestick chart shows that after dipping to $2,236.05, $ETH found support and has since started forming higher lows, a possible indication that bulls are beginning to regain control in the short term.
Hereโs a Simple Bounce Trade Setup (Scalp/Intraday Idea):
๐ต Buy Zone: $2,260 โ $2,275
๐ฏ TP1 (Target 1): $2,288
๐ฏ TP2 (Target 2): $2,298
๐ Stop Loss: $2,235
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๐ Why This Setup Matters:
ETH is now sitting near a short-term support zone. If it holds above $2,260 with increasing buyer interest, we could see a bounce toward $2,288 or even retest the intraday high of $2,298.22. This area aligns with the previous price rejection, making it a key resistance level to watch.
The 24h trading volume is also significant:
ETH Volume: 689,084.46 ETH
USDT Volume: 1.59B
This suggests active market participation โ a potential catalyst for sharp movements once buyers step in with confidence.
Risk Management Note:
If the price breaks below $2,235 with strong selling volume, the downtrend may continue, potentially testing the 24h low at $2,216.00. Therefore, strict stop-loss placement is key to protect capital.
