#etherxrpetfinflowstreaksend $ETH Rebounds to $2,400: Is Ethereum Forming a Bottom or Just a Temporary Bounce? 🚨
Looking at the 1H chart this Thursday, September 3rd, Ethereum is showing a promising relief rally! After finding solid support at the recent 2,350.41 swing low, the price action has successfully reclaimed both the short-term MA(7) at 2,402.03 and the MA(25) at 2,394.79.
However, the real test for the bulls lies just ahead at the heavy MA(99) dynamic resistance line sitting at 2,434.87. Breaking and holding above this key level is absolutely critical to confirm a true trend reversal and open the doors toward $2,500
What is your current strategy for Ethereum?
1️⃣ BULLISH: The bottom is in! Accumulating more spot right here.
2️⃣ BEARISH: This is a classic dead cat bounce. Expecting a rejection at MA(99) and a drop below $2,350.
3️⃣ HOLDING: Just waiting for a clean daily close above $2,450 before making any move.
👇 Cast your vote in the comments and HIT FOLLOW for daily interactive technical setups. Let’s hit that 1,000 follower milestone together! #ETH #Ethereum #crypto #trading
Looking at the 1H chart this Thursday, September 3rd, Ethereum is showing a promising relief rally! After finding solid support at the recent 2,350.41 swing low, the price action has successfully reclaimed both the short-term MA(7) at 2,402.03 and the MA(25) at 2,394.79.
However, the real test for the bulls lies just ahead at the heavy MA(99) dynamic resistance line sitting at 2,434.87. Breaking and holding above this key level is absolutely critical to confirm a true trend reversal and open the doors toward $2,500
What is your current strategy for Ethereum?
1️⃣ BULLISH: The bottom is in! Accumulating more spot right here.
2️⃣ BEARISH: This is a classic dead cat bounce. Expecting a rejection at MA(99) and a drop below $2,350.
3️⃣ HOLDING: Just waiting for a clean daily close above $2,450 before making any move.
👇 Cast your vote in the comments and HIT FOLLOW for daily interactive technical setups. Let’s hit that 1,000 follower milestone together! #ETH #Ethereum #crypto #trading
