🔄 *Ethereum Bounce Alert*
Current Price: *2,984.56*
🎯 *Targets (TP):*
1️⃣ TP1: *3,100* — key resistance level, first profit-taking zone
2️⃣ TP2: *3,250* — confirmation of bullish momentum, next strong resistance
3️⃣ TP3: *3,400+* — extended target if buyers stay in control
🛑 *Stop Loss (SL):*
Around *2,900* — below current support to limit losses if price breaks down
🔍 *Analysis:*
- ETH is holding above a strong support zone near2,900–2,950, showing signs of a potential bounce.
- If support holds, expect ETH to test resistance around3,100, where selling pressure could increase.
- A successful break above 3,100 could lead to further upside toward3,250 and 3,400 levels.
- However, if ETH fails to sustain above support and falls below2,900, it might trigger a deeper correction.
- Factors like network upgrades, DeFi growth, and market sentiment could fuel this bounce.
- Watch volume closely—higher volume on the bounce signals stronger conviction.
💡 *Summary:*
Ethereum looks ready to bounce from support toward resistance levels. Keep an eye on 2,900 for your stop, and target3,100 first, then $3,250 and beyond if momentum continues. Stay patient and watch market cues! 🚀📊