$ETH took a small hit today but managed to bounce off the 2K level. Currently sitting at $2,077.68 (-1.43% in 24h).
Here’s the quick breakdown:
🔸Key Levels:
Support Zones:
• Strong Support: 2,009.30 (24h low - defended well)
• Next support: 2,050 - 2,060 (near MA7)
• Deeper support: 1,980 - 2,000
Resistance Zones:
• Immediate resistance: 2,116.75 (Supertrend)
• Next target: 2,120 - 2,140
• Stronger resistance: 2,198 (recent buy avg area)
🔸Chart Insights:
• Price found solid support at the daily low and formed a green recovery candle.
• Trading above the short-term MA(7) but still well below MA(25) and MA(99).
• Stoch RSI at 41.7 → neutral zone, not overbought, giving room for upside if momentum builds.
• Volume was decent on the bounce from the lows.
🔸My bias: Cautiously bullish above 2,050. A clean break and hold above 2,116 could open the door for a move back toward 2,150-2,198. If we lose 2,009, it gets more bearish.
What about you? Are you buying the dip in ETH or waiting for a stronger confirmation? Drop your thoughts 👇
