$ETH Crucial Zone Ahead: Breakout or Rejection?
Ethereum is currently testing the $2,449 resistance level after a strong +6.61% move. The 15M chart shows bullish momentum, but multiple rejections in this area make it a critical level to watch.
*Key Levels:*
- *Resistance:* $2,440 – $2,449
- *Support:* $2,410 – $2,417
*Breakout Play (Bullish):*
- *Entry:* Above $2,445
- *TP1:* $2,475
- *TP2:* $2,515
- *SL:* Below $2,410
*Reversal Play (Bearish):*
- *Entry:* Below $2,410
- *TP1:* $2,385
- *TP2:* $2,360
- *SL:* Above $2,445
The outcome of this test will likely determine Ethereum's next move. Volume is building, but confirmation is key. Watching the $2,449 zone closely will be crucial in determining the direction of the market.