Hey Binance Square family! 👋 It’s time for another ETH update—and this one looks promising. Let's dive into why Ethereum is still showing resilience and why the rally setup remains intact.
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📊 📌 Market Snapshot
Current Price: ~$2,462
24h Range: $2,408 – $2,635
Technical Summary: Oscillators currently neutral; Moving Averages trend shows mixed signals—no extreme conditions yet
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🛡️ Key Support Holds Firm
Ethereum recently found steady footing near $2,475, forming a reliable demand zone buyers are defending .
This support line aligns with a 0.382 fib retracement zone at $2,424–$2,450—the classic bounce level after recent rejection at $2,745 .
A clean bounce from this level could reignite upward momentum—so keep your eyes locked here!
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📈 Bullish Case Still Valid
ETH rebounded off $2,584 to break above $2,620, forming a V-shaped recovery with volume support—solid technical bullish structure .
Analysts estimate that a breakout above $2,620–$2,640 could lead to a surge toward $2,700 or even $2,800 .
A structured consolidation between the 50‑day and 200‑day moving averages points to healthy setup for another leg up—if resistance levels are taken out .
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📉 Bearish Risks on Radar
ETH broke back below $2,500 recently, with some bearish analysts warning of downside toward $2,260–$2,200 if $2,424 fails .
Recent rejection near $2,745 and softer volume indicates bulls are cautious—momentum still needs validation .
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🛠️ Strategic Trade Setup
Entry Zone $2,475 – $2,500 (after bounce confirmation)
Stop-Loss (SL) Below $2,424 (invalidates the demand zone)
Take Profit Targets • TP1: $2,620
• TP2: $2,700
• TP3: $2,800
• TP4: $3,000
Entry: Look for bullish candlestick patterns (like engulfing) or clear bounce around $2,475–$2,500.
SL: Drop protective stop slightly below key fib zone ($2,424).
TPs: Sequential targets aligned with recent highs and fib extensions.
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💡 What to Monitor Now
Volume on rallies: need confirmation above $2,620 to validate bullish follow-through.
Macro & BTC trend: broad market vibes will greatly impact Ethereum's next move.
Institutional Flows: continued ETF or fund accumulation could be a powerful catalyst.
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🔑 Final Take
Ethereum remains on track, supported near the $2,475 pivot. If it holds and clears $2,620 with conviction, the path toward $3,000 becomes clearer. Sure, downside risks exist—but with disciplined entry and stops, this trade has structure and potential.
📣 Drop your game plans or target zones below—let’s ride the momentum together!
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Disclaimer: Informational content only—not financial advice. Always conduct your own research and manage risks responsibly.
