The current price of $ETH is around $2,315. The market is seeing an oversold rebound after a sharp drop.
Resistance above:
$2,380–$2,420 (short-term rebound resistance, where former strong support has turned into resistance)
$2,500–$2,550 (key bull-bear dividing line and the lower boundary of the previous consolidation range)
Support below:
$2,200–$2,250 (near-term cluster of strong defenses at the recent panic-driven low)
$2,100–$2,150 (major demand zone and key bull-bear boundary)
If the price retests the $2,200–$2,250 area and stabilizes, consider building a small position in stages for an oversold rebound, with a stop below $2,100.
Wait for a high-volume recovery and sustained hold above $2,420 to confirm a reversal of the short-term weakness; then look toward $2,500.
Resistance above:
$2,380–$2,420 (short-term rebound resistance, where former strong support has turned into resistance)
$2,500–$2,550 (key bull-bear dividing line and the lower boundary of the previous consolidation range)
Support below:
$2,200–$2,250 (near-term cluster of strong defenses at the recent panic-driven low)
$2,100–$2,150 (major demand zone and key bull-bear boundary)
If the price retests the $2,200–$2,250 area and stabilizes, consider building a small position in stages for an oversold rebound, with a stop below $2,100.
Wait for a high-volume recovery and sustained hold above $2,420 to confirm a reversal of the short-term weakness; then look toward $2,500.