$ETH /USDT – Key Momentum Update! 🚀
Momentum Analysis:
ETH is showing mild downward pressure after failing to hold above 2,950. The market currently trades near 2,882, testing strong support around 2,787. Watch for a potential bounce if buyers step in near this zone, otherwise a deeper pullback toward 2,780–2,770 may occur.
Long Setup:
Entry Zone: 2,780 – 2,810
Targets: T1: 2,900 | T2: 2,940 | T3: 2,970
Stop Loss: 2,770
Breakout Confirmation Level: 2,958 – a close above this confirms bullish momentum continuation.
Key Support: 2,787 – strong buyers’ zone; breaking this could signal further downside.
Pro Tip for Traders:
ETH is consolidating; patience is key. Wait for confirmation either from support bounce or breakout above 2,958 before scaling in. Risk management is critical in volatile swings.
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