$ETH Rebound Attempt — Key Levels to Watch🚀🚀
Bullish Bias Above Pivot
Entry: Market price
Key Support: 1,991
Targets:
TP1: 2,121
TP2: 2,158
TP3: 2,195
Technical Outlook:
• RSI is above 50, indicating improving momentum.
• MACD remains negative but is above its signal line, hinting at a possible bullish shift if it crosses the zero line.
• Price is above the 20 MA (2,037) but still below the 50 MA (2,047), showing a transition phase between bearish and bullish momentum.
As long as 1,991 holds as support, ETH could extend the rebound toward the 2,121–2,195 resistance zone.
Alternative Scenario:
A break below 1,991 may trigger a decline toward 1,929 and 1,892.
Trade $ETH accordingly key breakout levels approaching. 👇🏻
ETHUSDT
Perp
2,303.48
+0.90%