📉 $ETH under pressure... but is it a smart opportunity for a rebound?
In today's trading, the price of Ethereum fell below the 2,600 USDT level, recording 2,598 USDT at the time of writing this analysis, despite a daily increase of +5.49%, reflecting tense movements near a key support area.
🔍 Technically:
The price is testing horizontal support near 2,580 – 2,600 USDT
The appearance of candles with lower wicks on the 4-hour timeframe indicates absorption of selling pressure
If it holds above 2,600, we may see a technical rebound towards nearby resistance areas
📊 Potential trade (LONG):
Possible entry: 2,590 USDT
TP1: 2,630 (near resistance)
TP2: 2,680 (testing a previous local peak)
TP3: 2,750 (technical resistance on the daily timeframe)
Stop loss: 2,540 USDT
💬 Summary:
Overall momentum still leans in favor of buyers in the short term, provided the current support is maintained. Any clear breakout above 2,630 may open the door for a stronger rise.
📌 Watch the 2,600 level closely... as it is the key to ETH's next move.