$ETH
ETH is showing a strong recovery after a sharp bearish move.
đ° Current Price: $2,533.36
đ Market Structure:
- ETH dropped sharply and swept the lows near $2,409.
- Strong bullish candles followed, showing buying pressure.
- Price is now approaching a potential resistance area.
đŻ Key Levels:
- Resistance: $2,550â$2,580
- Support: $2,500â$2,470
- Major Swing Low: $2,409
đ Bullish Scenario: A strong 1H close above $2,550â$2,580, followed by a successful retest, could support further upside.
đ Bearish Scenario: Rejection from resistance and a break below $2,500 could signal another pullback toward $2,470.
â ïž My Approach: Iâll wait for confirmation instead of chasing the current bounce. A recovery alone doesnât confirm a trend reversal.
What do you think? Bullish continuation or another bearish leg?
#ETHETFsApproved #Ethereum #smc #CryptoAnalysis"
ETH is showing a strong recovery after a sharp bearish move.
đ° Current Price: $2,533.36
đ Market Structure:
- ETH dropped sharply and swept the lows near $2,409.
- Strong bullish candles followed, showing buying pressure.
- Price is now approaching a potential resistance area.
đŻ Key Levels:
- Resistance: $2,550â$2,580
- Support: $2,500â$2,470
- Major Swing Low: $2,409
đ Bullish Scenario: A strong 1H close above $2,550â$2,580, followed by a successful retest, could support further upside.
đ Bearish Scenario: Rejection from resistance and a break below $2,500 could signal another pullback toward $2,470.
â ïž My Approach: Iâll wait for confirmation instead of chasing the current bounce. A recovery alone doesnât confirm a trend reversal.
What do you think? Bullish continuation or another bearish leg?
#ETHETFsApproved #Ethereum #smc #CryptoAnalysis"