#MarketRebound $ETH /USDT Technical Analysis – Major Drop, Rebound Ahead? 🎯🔥

ETH

1,529.26

-8.84%

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.