$ETH Holding Key Support – Is the Bounce Real? 📈

​Ethereum just gave us a heart-pounding dip to the 2,085 zone, but the bulls stepped in fast! Looking at the 1H chart:

​Support:

We saw a strong rejection at the MA(99) (purple line), which acted as a solid floor.

​Recovery:

Price is currently fighting to stay above the MA(7) (yellow line) at 2,110.

​Volume:

Buying volume is picking up on this recovery candle.

​If we can close the hour above 2,112, we might see another test of the 2,123 local high.

Watch those moving averages closely!

​#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #Binance

ETH

2,269.52

-1.25%