๐๐ง๐ ๐ง๐๐ฆ๐ง๐ฆ $๐ฎ,๐ฒ๐ฎ๐ฌ ๐๐๐ก ๐๐จ๐๐๐ฆ ๐๐ฅ๐๐๐ ๐ง๐๐ฅ๐ข๐จ๐๐ ๐ง๐ข $๐ฎ,๐ณ๐ฎ๐ฌ? ๐
Ethereumโs bulls are back in action โ but theyโre not in the clear yet.
ETH bounced sharply from the $2,450 zone and now trades above $2,570, gaining momentum after flipping key short-term resistance levels. A short-term rising channel is forming, helping bulls stay in control โ for now.
๐น Key Levels to Watch
โ Immediate Resistance:
โ $2,620 (strong barrier)
โ $2,650 (trend breakout)
โ $2,720 (rally trigger level)
โ Critical Support:
โ $2,570 (channel support)
โ $2,520 (last bullish defense)
โ $2,420 (danger zone)
๐ Technical Snapshot
ETH is holding above the 100-hour Simple Moving Average, showing buyer strength.
RSI is above 50 โ momentum is mildly bullish.
MACD is weakening slightly โ so the bulls need volume to push higher.
๐ What Traders Should Do
๐ธ If ETH breaks above $2,620โ$2,650 with strong volume, expect a fast move toward $2,720โ$2,750.
๐ธ Failure to hold $2,520 could send ETH back toward $2,420โ$2,350 support levels.
๐ธ This is a crucial zone for breakout traders watch for a clean move above $2,650 or rejection signs below $2,520.