After a strong downside move, ETH is approaching a key demand zone around $2,370-$2,380, an area that previously attracted buyers and may provide support once again.
The current idea is based on a potential bullish reaction from this support region. Price is deeply retraced into the lower boundary while the broader structure still allows room for a recovery toward nearby resistance levels.
๐ฏ Bullish Targets
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Target 1: $2,440
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Target 2: $2,500
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Target 3: $2,540
As always, I prefer waiting for confirmation and observing price behavior inside the demand zone before considering any bullish continuation scenario.
Note: This is a chart idea and market observation, not financial advice
ETHUSDT
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