ETH just showed a strong bounce after dropping to a key support floor at 2,009.30. The price recovered quickly and is now holding at 2,095.65, showing that buyers are stepping in heavily at the lower levels. The RSI is resting at a very comfortable 47.26, meaning the market is neutral and has plenty of room to move higher without being overheated.
This small pullback is a clean spot to accumulate some positions before the next upward move. Spreading small spot buys between the current price and 2,050.00 keeps your risk low while building a solid entry. Once this consolidation phase finishes, the main target to watch for is a return to the recent local high at 2,157.50.
ETH
1,942.43
-1.38%