$ETH Reclaim $2,390 first!
Price in the chart has recovered to $2,325.64.
Former support is now the hurdle ahead!
Buyers have sparked a rebound from the lows.
Bulls will have more confidence once they clear this resistance!
On this ETH perpetual contract daily chart, the price had previously fallen below horizontal support near $2,390 and continued lower. It has only recently begun to recover from the lows. At the time of the screenshot, the intraday low was $2,225.27, the high was $2,328.81, and the price stood at $2,325.64, up 2.29%. Bulls have recouped some of their losses, but they have yet to reclaim the repeatedly contested $2,390 level above.
First, I’ll watch to see whether ETH can close above $2,390 on the daily chart, then check whether buyers step in on a retest. If this area turns back into support, bulls could get a chance to challenge $2,450, then push toward $2,500. If the price reaches resistance and gets pushed back, keep a close eye on support around $2,280 and $2,220 below—especially to make sure the lows don’t keep moving down after the rebound.
If ETH reclaims and holds $2,390, this recovery could move up another level.
Bulls will have more confidence pushing toward $2,500 once buyers break through $2,450 and step in on a pullback!
Tap the card below to get started! 👇
$BTC $SOXL
Price in the chart has recovered to $2,325.64.
Former support is now the hurdle ahead!
Buyers have sparked a rebound from the lows.
Bulls will have more confidence once they clear this resistance!
On this ETH perpetual contract daily chart, the price had previously fallen below horizontal support near $2,390 and continued lower. It has only recently begun to recover from the lows. At the time of the screenshot, the intraday low was $2,225.27, the high was $2,328.81, and the price stood at $2,325.64, up 2.29%. Bulls have recouped some of their losses, but they have yet to reclaim the repeatedly contested $2,390 level above.
First, I’ll watch to see whether ETH can close above $2,390 on the daily chart, then check whether buyers step in on a retest. If this area turns back into support, bulls could get a chance to challenge $2,450, then push toward $2,500. If the price reaches resistance and gets pushed back, keep a close eye on support around $2,280 and $2,220 below—especially to make sure the lows don’t keep moving down after the rebound.
If ETH reclaims and holds $2,390, this recovery could move up another level.
Bulls will have more confidence pushing toward $2,500 once buyers break through $2,450 and step in on a pullback!
Tap the card below to get started! 👇
$BTC $SOXL
