$ETH /USDC SHOWS STRONG REBOUND AFTER SHARP SELL-OFF
RECOVERY FROM KEY SUPPORT
BULLISH CANDLE ENGULFS DOWNTREND
BREAKOUT POSSIBILITY ABOVE $2,470
After dipping to the $2,412 support zone, $ETH /USDC bounced back sharply and is now consolidating above the key average level (AVL) of $2,462. The formation of a bullish engulfing candle on the 1H timeframe suggests potential upward continuation.
š¢ Long Trade Setup:
Entry Zone: $2,458 ā $2,465
Take Profit (TP): $2,500
Stop Loss (SL): $2,440
Market Outlook:
Momentum has shifted in favor of buyers. If $ETH reclaims and holds above $2,470, it could lead to a retest of the recent high at $2,525.
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