$ETH Pulling Back to Support! Time to Accumulate? 📈
#ETH has retraced from its recent peak of $1,848.78 and is currently sitting around the $1,781 key short-term support area on the 1H chart.
With $8.56B in 24h volume, Ethereum is holds the top spot for market interest right now. The price is hovering inside an internal demand zone. If buyers step in here to defend this structure, we can expect a clean bounce back toward $1,820 and a retest of $1,848. However, losing this level could trigger a sweep down to $1,740. Manage your risk!
Bias: Cautiously Bullish 🟢
Current Price: $1,781.36
Key Support: $1,770 / $1,740
Target Resistance: $1,820 / $1,848
Is this a healthy dip before a massive breakout or are we heading lower? 👇
#ETH has retraced from its recent peak of $1,848.78 and is currently sitting around the $1,781 key short-term support area on the 1H chart.
With $8.56B in 24h volume, Ethereum is holds the top spot for market interest right now. The price is hovering inside an internal demand zone. If buyers step in here to defend this structure, we can expect a clean bounce back toward $1,820 and a retest of $1,848. However, losing this level could trigger a sweep down to $1,740. Manage your risk!
Bias: Cautiously Bullish 🟢
Current Price: $1,781.36
Key Support: $1,770 / $1,740
Target Resistance: $1,820 / $1,848
Is this a healthy dip before a massive breakout or are we heading lower? 👇