$ETH – Key Support Holding as Bulls Attempt a Rebound
📊 Current Price: $2,665 (-2.13%)
🔥 Key Levels:
✅ Support: $2,646 – Holding this level is crucial for a bounce.
✅ Resistance: $2,700 – A breakout could fuel a short-term rally.
📈 Long Opportunity:
🎯 Entry: $2,646 - $2,660 (On a pullback with confirmed support)
📌 Take Profit Targets:
• TP1: $2,682
• TP2: $2,720
• TP3: $2,750
🔻 Stop Loss: Below $2,630
📉 Short Opportunity:
🎯 Entry: $2,695 - $2,710 (If resistance holds & rejection confirms)
📌 Take Profit Targets:
• TP1: $2,670
• TP2: $2,640
• TP3: $2,600
🔻 Stop Loss: Above $2,730
📊 Market Insight:
ETH is facing resistance at $2,700, failing to break higher with weak volume. The 4H MACD is weakening, and RSI remains below 50, signaling limited bullish momentum. If $2,646 breaks, further downside to $2,600-$2,550 is likely. However, if bulls defend, a nice relief bounce is possible 💰.
💡 Watch for a volume increase—if buyers step in near $2,646, we could see an upside push!
⚠️ Risk Management Recommendations:
✅ Cross margin traders: DO NOT sleep without a hard SL.
✅ Move SL to breakeven after TP1 is hit.
✅ Set alerts for entry, TP, and SL levels.
🚨 ETH is at a key decision zone—expect a strong move soon!
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📖 El Shaddai: (Hebrew: אֵל שַׁדַּי) – ‘God Almighty, the All-Sufficient One.’ His grace sustains.
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