Ethereum has been overall bullish, trading above the rising blue trendline and maintaining a series of higher highs and higher lows.
Following its recent bullish impulse, ETH entered a correction phase and is now retesting a strong technical intersection.
🔵 Key Support Zone: $2,350–$2,450
This area aligns with the rising blue trendline and a major support zone, making it an important location to monitor for potential bullish reactions.
As long as this intersection holds, we will be looking for trend-following buy setups on lower timeframes, anticipating another bullish impulse toward the recent highs and potentially beyond.
A clear break below this intersection would weaken the bullish scenario and require reassessment.
📌 The trend remains bullish. Now it is all about waiting for buyers to defend this key intersection.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
