๐Ÿšจ ETHEREUM (ETH) โ€” BREAKOUT OR CORRECTION? ๐Ÿšจ

Ethereum is currently around $2.69K, sitting between an important support zone and strong resistance. ๐Ÿ‘€

๐Ÿ•ฏ๏ธ ETH / USDT PRICE MAP

$3,050 โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐Ÿ”ฅ NEXT TARGET ZONE
โ”‚
$3,000 โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐Ÿ”ด MAJOR RESISTANCE
โ”‚
$2,775โ€“$2,825 โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐Ÿ”ด KEY RESISTANCE
โ”‚
$2,800 โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐ŸŸ  BREAKOUT LEVEL
โ”‚
โ”Œโ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”
โ”‚ ๐ŸŸฅ โ”‚
โ”‚ ๐ŸŸฅ๐ŸŸฅ๐ŸŸฅ โ”‚ โ† Rejection near resistance
โ””โ”€โ”€โ”€โ”€โ”ฌโ”€โ”€โ”€โ”€โ”˜
โ”‚
$2,690 โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐ŸŸก CURRENT ZONE
โ”‚
โ”Œโ”€โ”€โ”€โ”€โ”ดโ”€โ”€โ”€โ”€โ”
โ”‚ ๐ŸŸฉ โ”‚
โ”‚ ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ โ”‚ โ† Buyers defending support
โ””โ”€โ”€โ”€โ”€โ”ฌโ”€โ”€โ”€โ”€โ”˜
โ”‚
$2,630โ€“$2,660 โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐ŸŸข KEY SUPPORT
โ”‚
$2,560 โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐Ÿ”ต NEXT SUPPORT
โ”‚
$2,420 โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ ๐Ÿ”ต DEEP SUPPORT

๐Ÿ“ˆ BULLISH CANDLE SETUP

๐ŸŸฉ Strong 4H/Daily candle closes above $2,800
โžก๏ธ Volume increases
โžก๏ธ Retest holds $2,775โ€“$2,800
โžก๏ธ Next zones to watch: $3,000 โ†’ $3,050

๐Ÿ“‰ BEARISH CANDLE SETUP

๐ŸŸฅ Strong rejection from $2,775โ€“$2,825
โžก๏ธ ETH loses $2,630โ€“$2,660
โžก๏ธ Next support: $2,560 โ†’ $2,420

๐Ÿ’ก KEY IDEA

Don't enter just because of one green or red candle.

Wait for:

CANDLE CLOSE ๐Ÿ•ฏ๏ธ + VOLUME ๐Ÿ“Š + RETEST ๐Ÿ”„

ETH has recently shown bullish momentum, but the $2.8K area has produced rejection, so confirmation is important.

๐ŸŽฏ $2,800 = key breakout area
๐Ÿ›ก๏ธ $2,630โ€“$2,660 = key support

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