$ETH /USDT RANGEBOUND WITH KEY LEVELS IN FOCUS
#Ethereum has been consolidating between well-defined support and resistance zones after forming a major low near $2,549. The price action suggests a possible accumulation phase following a double bottom around $2,578 and a sharp rejection at $2,766.61.
š Chart Overview:
Major Low: $2,549.39
Double Bottom Zone: $2,578.09
Local Peak: $2,766.61
Current Action: Ranging sideways under resistance
š $ETH Trade Setup (Breakout or Breakdown Play)
Entry Zone: $2,515 ā $2,535
TP1: $2,560
TP2: $2,600
TP3: $2,640
Stop Loss: $2,470
If $ETH breaks above the resistance range with strength, expect a move toward $2,600+. A breakdown below $2,500 would invalidate the structure and shift bias bearish again.