$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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