ETH has reached a key support zone that previously attracted strong buying activity. Price is currently testing an area where buyers stepped in before, making this a location worth monitoring for a potential reversal.
✅ Market Structure:
Price has revisited a major demand zone near $2,420-$2,425
Sharp selloff into support may create a liquidity sweep
Holding this zone could shift short-term momentum back to the upside
Bullish confirmation would come from sustained acceptance above nearby resistance
🎯 Potential Upside Targets:
Target 1: $2,450
Target 2: $2,500
Target 3: $2,530
⚠️ Invalidation: A clean breakdown below the marked support zone would weaken the bullish scenario and may invite further downside pressure.
This is a technical outlook based on price action, support/resistance, and market structure. Always manage risk accordingly.
