$ETH USD BULLISH REBOUND INCOMING – STRONG SUPPORT HOLDS AT $2,400 LEVEL

Ethereum has shown signs of a potential reversal after testing and bouncing from the key $2,400 support zone. Despite a recent -3.56% drop, the price has stabilized near $2,431, suggesting buyers may be stepping in. If momentum continues to build above $2,440, a short-term bullish recovery could be on the cards, aiming for a retest of $2,500 and higher.

Trade Setup:

Entry: Long above $2,440

Target (TP): $2,500 / $2,540

Stop Loss (SL): $2,400

Market Outlook:

The broader trend remains cautious, but ETH/USD is poised for a relief rally if it can sustain above the $2,440 mark. Watch for volume confirmation and Bitcoin's correlation to validate upside potential. A clean break above $2,500 could confirm a short-term bullish reversal.

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