$ETH Update ๐
ETH bounced strongly from the $2,380โ$2,400 support zone and is now back around $2,465.
But the recovery is already approaching a key resistance area around $2,465โ$2,480, where the moving averages and previous breakdown zone are sitting.
If ETH reclaims $2,480, the next major resistance remains $2,530โ$2,560 along the upper trendline.
On the other hand, rejection here could send ETH back toward $2,430, followed by $2,380.
For now, Iโm watching $2,480 closely. A clean breakout could change the structure; rejection keeps the bearish setup alive.
#Ethereumโ
ETH bounced strongly from the $2,380โ$2,400 support zone and is now back around $2,465.
But the recovery is already approaching a key resistance area around $2,465โ$2,480, where the moving averages and previous breakdown zone are sitting.
If ETH reclaims $2,480, the next major resistance remains $2,530โ$2,560 along the upper trendline.
On the other hand, rejection here could send ETH back toward $2,430, followed by $2,380.
For now, Iโm watching $2,480 closely. A clean breakout could change the structure; rejection keeps the bearish setup alive.
#Ethereumโ
