ETH/USD — Daily Chart Analysis 📊
Current Price: $2,435.59 (+0.77%)
What the chart shows:
Price made a massive bullish impulse from ~$1,850 to $2,580 — a near 40% surge. Now it's pulling back with red candles forming after the peak, consolidating around $2,400–$2,450 zone.
Key Levels:
🔴 Resistance: $2,500–$2,550
🟢 Support: $2,400 (current test)
🟢 Strong support: $2,200–$2,300
Bias: Bullish trend intact. This pullback looks like healthy consolidation after a strong rally. Watch for bounce from $2,400. A break below $2,350 could extend correction to $2,200.
Trade idea: Wait for bullish confirmation candle near $2,400 before entry.
#ETHUSD #Ethereum #CryptoAnalysis #TechnicalAnalysis #ETH #CryptoTrading #BullishSetup #TradingView #CryptoMarket #PriceAction #DailyChart #SupportAndResistance
Current Price: $2,435.59 (+0.77%)
What the chart shows:
Price made a massive bullish impulse from ~$1,850 to $2,580 — a near 40% surge. Now it's pulling back with red candles forming after the peak, consolidating around $2,400–$2,450 zone.
Key Levels:
🔴 Resistance: $2,500–$2,550
🟢 Support: $2,400 (current test)
🟢 Strong support: $2,200–$2,300
Bias: Bullish trend intact. This pullback looks like healthy consolidation after a strong rally. Watch for bounce from $2,400. A break below $2,350 could extend correction to $2,200.
Trade idea: Wait for bullish confirmation candle near $2,400 before entry.
#ETHUSD #Ethereum #CryptoAnalysis #TechnicalAnalysis #ETH #CryptoTrading #BullishSetup #TradingView #CryptoMarket #PriceAction #DailyChart #SupportAndResistance