🚨 $ETH (Ethereum) Technical Setup 🚨
Consolidation near structural support 📉
Entry Zone: 1,980 – 2,020
Bullish Above: 2,130
Targets:
🎯 TP1: 2,100
🎯 TP2: 2,180
🎯 TP3: 2,250
Stop Loss: 1,940
Market Insight:
$ETH is stabilizing after a major corrective phase on the 4H chart, currently at 2,024.18 (+1.81% recovery).
Recently tested a deep local bottom at 1,970.93 → now critical structural support
After rejection from 2,199 peak, candles are forming a potential base as selling pressure eases
24h volume: 296.29M USDT → liquidity is strong at these levels
Key Levels to Watch:
Holding above 2,000 is crucial for bulls
Breakout above 2,060 minor resistance could trigger a trend reversal toward 2,100+ zones
💡 Strategy: Watch for confirmation above 2,060, then consider long with tight risk management.$ETH
