💡 Quick Technical Analysis:
✅ Support Rebound! ETH found strong support and bounced sharply from the ~$2480 level after correcting from its recent high.
📊 Price Action: Currently trading at $2518.74, Ethereum is consolidating in a tight range. This sideways price action above a key low is a classic sign of accumulation and strength.
🔁 Momentum: The market is building up energy. After the downtrend, this period of low volatility often precedes a significant upward move.
Trade $ETH
🎯 Suggested Entry Zone:
✅ The current range of $2510 – $2525 offers an excellent entry point as the price stabilizes.
📈 A clear and sustained break above $2540 would confirm bullish momentum and signal the start of the next leg up.
🛡️ Stop-Loss: Set a protective stop just below the recent swing low, around $2470.
🎯 Target 1: $2580
🎯 Target 2: $2620 (Retest of the recent peak)
🧠 Conclusion:
Ethereum is showing resilience by holding a critical support level and is now coiling for its next move. The current price action presents a favorable risk-to-reward setup for a potential long trade, anticipating a breakout.
👇 What are your thoughts on this $ETH setup? Share your targets below! 👇
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