$ETH 📊 price action ETH/USDT Support & Resistance Update! 🧠💹
Current Price: $2,418.52 🚀 (+8.62%)
🔍 Ethereum is showing a strong bounce after a recent dip to $2,111.89, which now acts as a strong support zone! 💪 Buyers stepped in aggressively, pushing ETH back above the 99 EMA ($2,369) – a key level indicating trend strength.
📈 Key Support Levels:
$2,111 – Recent low and strong demand zone
$2,188 – 24h low
$2,369 – EMA(99), holding as dynamic support
📉 Resistance Levels Ahead:
$2,487 – EMA(25), immediate resistance to watch ⚠️
$2,579 – Horizontal resistance from previous consolidation
$2,748 – $2,879 – Major resistance zone, previous high & reversal point 🚧
📊 Indicators:
MACD still negative but showing signs of a potential reversal
Volume spike shows strong buying interest on the bounce 📈
🧠 Conclusion: ETH is attempting a short-term recovery. If it breaks above $2,487, we could see a push towards $2,579+. Failure to hold above $2,369 could send it back to test $2,111 support again.
Stay sharp, legends! 🧙♂️🧾
