$ETH Poised for a Bounce? Demand Zone Holding Strong! š
Entry: 2700 š©
Target: 3400 šÆ
Stop Loss: 2500 š
The recent $ETH surge originated from a critical demand zone between $2.7k and $2.9k, and it's currently holding firm. This looks more like a relief rally towards the upper channel rather than a full trend reversal. Watch out for the $3.2k-$3.4k resistance zone; a rejection here could signal a continued downtrend. Bullish confirmation requires a solid daily close above the channel and holding above $3.3k. Losing the $2.7k demand could send us back to $2.5k. The bias is for a cautious short-term bounce, but the macro picture still needs more confirmation. Tactical longs from demand are viable, but trend traders should wait for a clear breakout.
This is not financial advice.
#ETH #CryptoTrading #Altcoins #MarketAnalysis š
