#MarketRebound

The Ethereum (ETH) currency has recorded a strong rise in the past hours, having surged from a strong support level at 1537.26 USDT to increase by more than 17%, reaching the current resistance at 1818.18 USDT. The price is now trading at 1803.67 USDT, showing strong buying momentum, but as it approaches a critical resistance area, we may witness either a continuation of the rise or the beginning of a correction.

Positive scenario: A clear breakout above the 1818 level could push the price towards levels of 1870 – 1900 USDT.

Negative scenario: A failure to break out could lead to a correction towards areas of 1700 – 1646 USDT.

Support areas: 1700 – 1646 – 1537

Main resistance: 1818

Traders are advised to monitor price movement around the resistance and confirm the breakout before making any decisions, while using good risk management.

Note: This analysis is not financial advice, but rather for educational and analytical purposes only

$ETH