Hello, my dear followers 👋🏻 Let's see together 🧐 what we can achieve with Ethereum 🥰
The ETHUSDT pair is on the verge of a significant rise. The price has reached a key support level, which has historically sparked strong buying interest.
This area has acted as a demand zone several times, increasing the likelihood of a bullish reaction if buyers step in again.
The market structure indicates that any confirmed bounce from this level could trigger a significant recovery. If the bulls maintain the support level, the first bullish target will be $2400, which is a reasonable target for this pattern.
However, a sustained breakout above the $2400 level could mark the beginning of a stronger rally, supported by renewed buying momentum and increased volume.
Alright, what's next? 🤔
Given the prolonged downward move that led to this setup, a pullback here could turn into a larger trend reversal.
However, a clear breakdown below the support level would nullify this bullish bias and open the door for further decline.
🚀 If this rally takes off, we could see ETHUSDT reclaiming higher levels in the coming weeks.
Trade at your own risk 👍
Wishing everyone good luck 👋🏻💚💰