$ETH Hits Oversold Zone – Bounce Incoming or Breakdown Ahead?

Ethereum has dropped to $3,686 after a consistent decline, now testing a key demand zone near $3,650. The latest candlesticks suggest buyers are trying to defend this level. If ETH holds above $3,660, we could see a short-term rebound toward $3,750+. However, a breakdown below $3,650 could trigger further losses toward $3,580.

Trade Setup:

Entry (Long): $3,660 – $3,690

Stop Loss: $3,635

Target 1: $3,730

Target 2: $3,760

Target 3: $3,800

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