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🚨 $ETH: Watch for the Bounce Bullish Setup? 🚀
🔥 ETH Holding Strong Above $2,800 – Buyers Are Still In Play! 🔥
Ethereum $ETH has bounced right off the $2,800 support zone, and despite some early selling pressure, it’s still holding strong. Sellers tried to push ETH lower, but they couldn’t keep the momentum going. Buyers are still present, but they’re not aggressive yet, leaving room for a potential surge!
🔑 Trade Setup:
Entry Zone: $2,900 $2,980
This is your key range to enter, where ETH has shown support and potential for further upside.
Stop Loss: Below $2,800
If ETH drops below this level, it signals a breakdown, and the setup would be invalid.
Take Profit Targets:
TP1: $3,150
TP2: $3,300
📊 Current Market Structure: As long as ETH stays above $2,800, the market is consolidating, not breaking down. While the market has been slow, the structure remains intact, signaling the possibility of a strong move up once buying pressure picks up.
⚠️ Watch for a Daily Close Below $2,800: If ETH closes below $2,800 on the daily, this setup will be invalidated, and the downside opens up again. Until then, holding on the spot makes sense for this range bound trade.
💡The Bottom Line: ETH’s bounce off $2,800 is looking promising, but the real action will come if it breaks through key levels. Buyers are waiting just not making their move yet. Keep your eyes on the price action for that next leg up! 📈
#ETH #Ethereum #CryptoBounce #ETHTrade #EthereumSetup #CryptoMarket
Packed with all the details, from entry to potential price targets, and a strong market structure to support the trade. Let’s see if ETH’s patience pays off!
