$ETH Bullish Setup Incoming
Buyers Stepping In Hard at Key Support – Potential Reversal in Play!
Ethereum just printed a strong bounce from the critical $2,554 support zone, showing aggressive buying and clear wick rejection on the lower timeframes. Price action is pushing back above $2,590 with volume backing the move — signaling a potential bullish reversal if $2,572 holds as a base.
Trade Plan:
• Entry Range: $2,573 – $2,590
• Stop Loss: Below $2,554
Target Zones:
1. $2,649
2. $2,690
3. $2,769
Market Context:
We’re seeing a bullish engulfing candle forming on the bounce, with volume spiking — a solid sign that buyers are defending this range. If momentum continues, $ETH could accelerate toward the mid-to-upper $2,600s. Major resistance stands at $2,770 — a breakout above that could open the door for higher moves.
⚠️ Risk Notes:
Keep your stop tight under the recent lows — no need to hang on if the setup fails. If price runs too quickly from this zone without a retest, best to let it go and wait for the next clean setup.
Trade here $ETH ;)
