$ETH

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💎 ETH Analysis Update: Support Holds at $2640, Serious Attempts to Regain Upward Momentum

As expected, the price of Ethereum ($ETH ) has successfully recovered from the key support zone at $2640 following a previous sharp correction. The price is currently trading around $2670, amidst ongoing efforts by buyers to regain control of the market.

📊 Key Price Levels:

Critical Support Zone: $2640 (The Market's Main Pivot Point)

First Target: $2715

Extended Target: $2770

Bearish Scenario (Support Stop): $2605

💡 Technical Analysis and Expected Scenarios:

Positive Scenario: As long as the $2640 level holds, there is an opportunity to continue the recovery and test the first resistance at $2715, ultimately reaching the extended target at $2770.

The negative scenario: If a break below the $2640 support level occurs, selling pressure could intensify, driving the price towards the $2605 level.

📌 In conclusion: All eyes are on the $2640 support level; it is the crucial level that will determine the market's next move. Watch it closely!

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