Ethereum at Critical Support: Bullish Bounce Expected

6 dni temu

ETHUSD is approaching a significant demand zone, marked by prior price rejections and strong buying interest. This area has consistently acted as a key support level, leading to bullish reactions in the past.

The market structure suggests that the recent bearish momentum could slow down as price nears this critical zone. If buyers step in and price action confirms a rejection (e.g., bullish engulfing or wicks signaling strong buying pressure), there is potential for a reversal.

I anticipate that, upon confirmation of a rejection from this demand zone, ETH may head upward toward the $3,350 target level, which represents a logical target within the current market structure.

If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!

6 dni temu

Zlecenie aktywne