ETHEREUM – STRONG REBOUND ZONE APPROACHING
$ETH /USDT is trading at $2,541 (-6.98%), sharply correcting into a high-liquidity demand zone around $2,498 – $2,530, aligning with MA(7) and just below MA(99) support at $2,575. This zone historically acts as a strong rebound area.
ENTRY: $2,520 – $2,540
TP1: $2,590
TP2: $2,640
TP3: $2,700
STOP-LOSS: $2,475
OUTLOOK: ETH has flushed weak hands and now sits at a critical bounce area. Volume suggests sell pressure is slowing. A reclaim of MA(25) at $2,599 could trigger a short-term bullish reversal.
PRO TIP: Look for a bullish engulfing candle on 15m or 1h, followed by volume pickup — ideal confirmation for a rebound play.
