$ETH has returned 2,600. The key now is whether the rebound can sustain.
Market consensus is bullish: +5.29% over 24H, but +0.01% over 1H and -0.26% over 4H; the price at 2,638.38 remains close to support at 2,632.32.
What’s often overlooked is the rhythm: only by holding above 2,660.00 and maintaining it can the separation seen on the 4H chart be turned into a continuation; if it breaks below 2,632.32, the rebound thesis is downgraded.
Market consensus is bullish: +5.29% over 24H, but +0.01% over 1H and -0.26% over 4H; the price at 2,638.38 remains close to support at 2,632.32.
What’s often overlooked is the rhythm: only by holding above 2,660.00 and maintaining it can the separation seen on the 4H chart be turned into a continuation; if it breaks below 2,632.32, the rebound thesis is downgraded.