Ethereum is currently showing a recovery structure after a strong rejection and breakdown earlier. Price has successfully bounced from a major support zone around 2,169, which is acting as a key demand area.
At the moment, ETH is trading near 2,325, attempting to build higher lows and continue its upward momentum.
Key Levels to Watch:
* Strong Support: 2,169
* Current Zone: ~2,300 – 2,350
* Major Resistance: 2,791
As long as price holds above the 2,169 support, the bullish structure remains valid. A continuation could push ETH towards the 2,700–2,800 resistance zone.
However, any rejection from current levels may lead to a pullback towards the support zone before the next move.
Overall, the market is showing signs of gradual accumulation with a potential upside continuation, but confirmation is required near resistance.
Not Financial Advice
At the moment, ETH is trading near 2,325, attempting to build higher lows and continue its upward momentum.
Key Levels to Watch:
* Strong Support: 2,169
* Current Zone: ~2,300 – 2,350
* Major Resistance: 2,791
As long as price holds above the 2,169 support, the bullish structure remains valid. A continuation could push ETH towards the 2,700–2,800 resistance zone.
However, any rejection from current levels may lead to a pullback towards the support zone before the next move.
Overall, the market is showing signs of gradual accumulation with a potential upside continuation, but confirmation is required near resistance.
Not Financial Advice
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.