*ETH Bounce Incoming? Watch This Setup! 🔥📈*
This 15-min ETH/USDT chart on Binance shows a *potential reversal setup* after a sharp drop. Let's break it down 👇
📉 *Recent Trend:*
ETH dumped hard from above 2,560 to2,315 before finding support.
🔄 *Current Pattern:*
- Breakout of *downtrend line* ✅
- Forming a *bullish consolidation (flag/pennant)* just above key support
- Small *green candle* hints at buyers stepping in
🎯 *Targets:*
- Short-term target: *2,500* (gap fill zone)
- Mid target: *2,694* (marked zone in green)
- Stop-loss: Just below *2,393* or *2,315* (support zone)
📊 *Trending Signals:*
✅ Bullish breakout from local resistance
✅ Increasing volume near bottom
⚠️ Still risky if BTC weakens
📈 *Prediction:*
If ETH holds above 2,420–2,430 and breaks the small flag, we could see a *quick move to 2,500–2,600+*.