ETHEREUM REBOUNDS, BUT THE DOWNTREND REMAINS IN PLAY
ETH is trading near $2,490 after bouncing from the $2,406 low. Buyers need to reclaim resistance before a stronger recovery can be considered.
Signal: WAIT / NO TRADE
Resistance: $2,520–$2,534
Support: $2,447–$2,406
Bullish target: $2,583 after a confirmed reclaim
Bearish target: $2,355 if support breaks and price accepts below it
Confirmation: A 4H close above $2,534 supports a bullish case. Losing $2,447 strengthens the bearish outlook.
MY FINAL TAKE: The bounce alone isn’t a reversal. Wait for confirmation before entering.
#TradingSignals
$ETH
ETH is trading near $2,490 after bouncing from the $2,406 low. Buyers need to reclaim resistance before a stronger recovery can be considered.
Signal: WAIT / NO TRADE
Resistance: $2,520–$2,534
Support: $2,447–$2,406
Bullish target: $2,583 after a confirmed reclaim
Bearish target: $2,355 if support breaks and price accepts below it
Confirmation: A 4H close above $2,534 supports a bullish case. Losing $2,447 strengthens the bearish outlook.
MY FINAL TAKE: The bounce alone isn’t a reversal. Wait for confirmation before entering.
#TradingSignals
$ETH