$ETH is showing signs of a potential short-term recovery after reacting strongly from the $2,420ā$2,430 support zone following the recent sharp sell-off. Buyers have started reclaiming the $2,440 level, suggesting that bullish momentum could gradually return if this support holds.
š Trade Setup:
š¹ Entry: $2,440 ā $2,450
šÆ TP1: $2,455
šÆ TP2: $2,468
šÆ TP3: $2,480
š Stop Loss: $2,415
The key level to watch is $2,440. A sustained hold above this area could keep the recovery scenario active and potentially push $ETH toward the nearby resistance levels.
If buyers maintain control, $2,480 remains the key third target for this setup. However, traders should remain cautious, as a break below the support zone could invalidate the bullish recovery idea.
š Risk management is essential. Crypto markets are highly volatile, so always do your own research before entering any trade.