📊 ETH/USD Technical Analysis — The Battle at $2,350–$2,400
The breakout was powerful. The pullback is testing the conviction. 👀
$ETH on the 1D chart is approaching a crucial support zone after retreating from the $2,750–$2,800 region. The market is now testing the same area that previously acted as resistance before the massive breakout.
🔍 Key observations
* 🟡 $2,350–$2,400 : Critical support zone under pressure.
* 🟢 $1,940–$1,980 : Major lower support zone if the current level breaks down.
* 🔴 $2,500–$2,550 : Potential resistance if buyers regain control.
* 📉 Market structure : Short-term bearish pressure, with price making lower highs and moving back toward support.
🎯 What comes next ?
* Bullish scenario : A strong rejection from support could trigger a relief rally toward $2,500 and beyond.
* Bearish scenario : A decisive daily close below the support zone could open the door to further downside.
No prediction is guaranteed. The reaction at support matters more than the level itself.
🔥 The real game is happening at support!
The breakout created the excitement. Now the pullback will reveal whether buyers are ready to defend their ground.
Don't chase the candle. Wait for confirmation. Protect your capital. Trade the setup, not the emotion.
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