$ETH – Strong rebound from the support area at $2,512
Re-testing the EMA crossover indicates a bullish breakout
ETH has sharply rebounded from a low of $2,512, regaining the EMA(7) and pushing toward the EMA(25/99) cluster near $2,545.
A clean breakout above this crossover could lead to a continued move upward toward the resistance range of $2,568–$2,605.
Trade Setup:
• Entry Point: $2,540 – $2,548
• Stop Loss: $2,510
• Take Profit:
• TP1: $2,568
• TP2: $2,589
• TP3: $2,605
Market Outlook:
ETH shows early signs of recovery. Staying above $2,537 and breaking the resistance at $2,548 may lead to further upward momentum.
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