#MarketRebound
ETH USDT Technical Analysis – Major Drop, Rebound Ahead? 🎯🔥
Ethereum is under pressure, trading at $1,520.81 (-8.36%), with a 24h high of $1,689.00 and a low of $1,471.02.
After this sharp drop, is ETH ready to bounce or will bears keep control? Let’s dive into the data:
📊 Technical Overview:
🔹 SAR(0.02, 0.2): $1,473.78 – ETH is still above SAR, indicating a possible short-term support.
🔹 24h Volume: 1.10M ETH / $1.74B USDT – Massive liquidity, suggesting high trader interest.
🔹 Depth: 3.30% – Volatility is active, and a reversal could be near!
🎯 Key Targets to Watch:
✅ Target 1: $1,580 – Minor resistance; reclaiming this could spark recovery momentum.
✅ Target 2: $1,640 – A crucial zone where selling pressure may appear again.
✅ Target 3: $1,689 – Retesting the 24h high would confirm a bullish reversal pattern.
⚠️ Bearish Case: If ETH breaks below $1,470, further downside toward $1,420 is possible.
📢 Final Thoughts: ETH is in a critical zone, hovering just above a key SAR and near daily support. A strong bounce from current levels could launch a recovery. Keep your eyes on volume surges and price reaction at $1,580!
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