📈 *Important Update for $ETH
* 📊
$ETH shows stability after a sharp drop from the 3,150–3,180 dollar range, currently trading around 2,963 dollars. The one-hour chart shows buyers defending the support area of 2,900–2,920 dollars, with price consolidation forming a base for a potential rebound.
_Trading Setup_:
- _Entry Point for Buying_: 2,930 – 2,980 dollars 📍
- _Take Profit Targets_:
- _Target 1_: 3,020 dollars 🚀
- _Target 2_: 3,080 dollars 📈
- _Target 3_: 3,150 dollars 💥
- _Stop Loss_: below 2,880 dollars ⚠️
_Technical Analysis_:
- _Bullish Momentum_: $ETH shows bullish momentum as support continues to be defended 🔄.
- _Bullish Continuation_: As long as the price remains above 2,900 dollars, the recovery momentum remains intact, which could open the way towards 3,080–3,150 dollars 📈.
The currency shows potential for an upward movement with a likelihood of a bullish move 🚀.