#$ETH

MarketRebound

:

1. Current Price:

The current price is around 1795.59 USDT, and the market is clearly in a strong upward wave after breaking previous resistances.

2. Important Levels:

Broken Resistance Level: 1691.50 — It has been broken strongly, which makes this level current support.

Strong Support Level: 1616.96

Deeper Support: 1538.07

3. Current Trend:

The trend is clearly upward, as seen from the long green candles and the strong rise above the resistance levels.

A slight correction may occur after the intense rise, but as long as the price is above 1691.50, it is maintaining positive momentum.

4. Potential Trading Opportunity:

Safe buying could be after a retest of the 1691.50 level.

Upward targets may extend to 1820, 1850, or even 1900 if the momentum continues.