$ETH
Support defense continues... $2,400 holds again! 📈🔥
Ethereum ($ETH ) once again absorbed selling pressure at the key support zone near $2,400, before rebounding strongly from recent lows.
The price is currently trading near $2,516, signaling that buyers continue to defend the key demand zone.
🎯 Levels I’m watching:
Key support: $2,400
Current price: $2,516
Next resistance: $2,550–$2,600
Expected scenario:
As long as ETH holds above $2,400, the recovery may continue, with the $2,550–$2,600 zone in focus as the next bullish test.
However, a break below support followed by a sustained move beneath it could weaken bullish momentum and open the door to further correction.
🔥 Bottom line: Another bounce from important support, but confirming the continuation of the uptrend requires a decisive breakout above the next resistance.
⚠️ These levels are analytical and do not guarantee price movement. Manage risk carefully and avoid chasing rallies.
Support defense continues... $2,400 holds again! 📈🔥
Ethereum ($ETH ) once again absorbed selling pressure at the key support zone near $2,400, before rebounding strongly from recent lows.
The price is currently trading near $2,516, signaling that buyers continue to defend the key demand zone.
🎯 Levels I’m watching:
Key support: $2,400
Current price: $2,516
Next resistance: $2,550–$2,600
Expected scenario:
As long as ETH holds above $2,400, the recovery may continue, with the $2,550–$2,600 zone in focus as the next bullish test.
However, a break below support followed by a sustained move beneath it could weaken bullish momentum and open the door to further correction.
🔥 Bottom line: Another bounce from important support, but confirming the continuation of the uptrend requires a decisive breakout above the next resistance.
⚠️ These levels are analytical and do not guarantee price movement. Manage risk carefully and avoid chasing rallies.