š $ETH at Critical Juncture: Bulls Must Defend $2,200-2,135
š¢The Significance of the $2,135 - $2,200 Zone!
This isn't just a random level. It's a high-volume node from the 2021-2022 cycle and acted as strong resistance in Q4 2023 before becoming support in Q1 2024. A successful retest here would be a classic "breakout -> retest -> continuation" pattern, significantly strengthening the bull case.
šCritical Zone: $2,135 - $2,200 is a major demand zone and a line in the sand for the bullish thesis. š Scenarios: Hold -> rally; Break ā> deeper correction to ~$1,950.
š $BTC breaking out of a descending triangle to the upside is already a bullish deviation from the usual bearish bias of this pattern.Now the key is the retest.
ā³This is exactly what you want to see after a breakout: Break ā Hold ā Retest ā Continuation
This sits right above the key support cluster you mentioned. Price has reacted from this zone previously, so entering here aligns with a ābuy-the-dip at supportā idea.
š¢Support Zone Strength
ā¢Multiple previous reversals from this region ā indicates buyers consistently stepping in. ā¢As long as candles continue to close above support with stronger wicks on the downside, structure remains bullish.
The $TAG experienced a significant price surge in early August followed by a sharp correction. After finding strong support at 0.0001230, the price has established a recovery pattern with higher lows. The current price action shows accumulation with increasing buying volume, supported by positive technical indicators across multiple timeframes.
āŗļøThe technical indicators confirm this bullish momentum with positive MACD crossover, rising RSI values across multiple timeframes, and price breaking above key moving average levels. The current price of 0.1222 represents a 11.81% daily gain, suggesting strong buying interest.
šSupport Levels: Strong support: 0.0935 (recent double bottom) Medium support: 0.1089 (24h low) Minor support: 0.1150
šResistance Levels: Immediate resistance: 0.1266 Medium resistance: 0.1483 (24h high) Major resistance: 0.1500 (previous consolidation area
Xrp is rebounding from strong support at $1.6970 forming a triple bottom pattern. A breakout from the downtrend channel signals a possible bullish reversal.
$ADA Currently forming a familiar accumulation box near key support at $0.29ā$0.37, similar to the breakout seen in 2024. If the pattern repeats, potential bullish targets are:
š45m chart means swings can last several hours to a couple of days ā plan position size accordingly. ⢠Avoid entries in the middle of the bands; stick to edges + confirmation. ⢠Watch for fakeouts if price pierces band without volume.