$ETH (Ethereum) Technical Analysis: Strong Recovery and Bullish Reversal 🚀
Entry Zone: $2,210 – $2,240
Bullish Above: $2,260
Target 1 (TP1): $2,280
Target 2 (TP2): $2,320
Target 3 (TP3): $2,400+
Stop Loss (SL): $2,180
$ETH has staged a impressive recovery on the 1H chart, currently trading at $2,252.93 with a daily gain of +1.89%. After finding solid support at the 24h low of $2,175.68, the price has reclaimed key levels and is now challenging the daily high of $2,268.88. The recent price action shows a series of strong bullish candles, indicating that buyers have regained control and are pushing for a breakout above local resistance.
The 24h trading volume is very high at 292,385.74 ETH, representing roughly $646.57M USDT in activity. This surge in volume during the upward move confirms strong buying interest at these levels. For the bullish momentum to continue, $ETH needs to flip $2,260 into firm support, which would pave the way for a test of the $2,300 psychological barrier.