$ETH has pushed through the recent 1-hour range, climbing toward the $2,775 area before easing back slightly. The breakout has shifted short-term momentum to the upside, but price is now entering a pullback phase.
The marked demand zone around $2,690 – $2,700 is the key area to watch on the retracement. A move into this shelf would retest the breakout structure and could provide the liquidity needed for another leg higher.
If buyers defend the zone, the current structure leaves room for another push toward the $2,775 region and potentially beyond. A sustained loss of $2,690 would weaken the immediate bullish structure.
#ETH
The marked demand zone around $2,690 – $2,700 is the key area to watch on the retracement. A move into this shelf would retest the breakout structure and could provide the liquidity needed for another leg higher.
If buyers defend the zone, the current structure leaves room for another push toward the $2,775 region and potentially beyond. A sustained loss of $2,690 would weaken the immediate bullish structure.
#ETH
