$ETH – Strong rebound from the demand zone

Re-testing the point of interest with a bullish engulfing push

ETH regained support at $2,540 after a typical bullish reversal.

The price is now looking to break through the supply zone of $2,600–$2,660 with strong momentum.

🔍 Key levels:

• Support: $2,538

• Resistance: $2,604 – $2,656

• Breakout zone: $2,559 – $2,560

📈 Trading setup:

• Entry point: $2,548 – $2,559

• Stop loss: $2,514

• Take profit:

1: $2,604

2: $2,656

📊 Market outlook:

ETH displays a bullish continuation with increasing strength on each dip.

A successful breakout above $2,560 could trigger a strong rally towards the upper resistance.

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