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ETH 1D — price sitting above support with a bounce setup forming
$ETH is trading around $1,982, and the chart shows price pulling back into the major support zone near $1,600. This area has acted as a strong base before, and the projection on the chart suggests a potential rebound from this level.
The structure is simple:
$1,600 — key support
$2,800 — next major resistance
Trend still holding higher‑timeframe structure
If ETH maintains support and buyers step in, the chart favors a move back toward the $2,800 zone. Losing the support would weaken the setup, but for now the range remains intact.
ETH is hovering above a strong support. Holding this level keeps $2,800 in play as the next upside target.
#Ethereum #ETH
$ETH is trading around $1,982, and the chart shows price pulling back into the major support zone near $1,600. This area has acted as a strong base before, and the projection on the chart suggests a potential rebound from this level.
The structure is simple:
$1,600 — key support
$2,800 — next major resistance
Trend still holding higher‑timeframe structure
If ETH maintains support and buyers step in, the chart favors a move back toward the $2,800 zone. Losing the support would weaken the setup, but for now the range remains intact.
ETH is hovering above a strong support. Holding this level keeps $2,800 in play as the next upside target.
#Ethereum #ETH
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ETH
1,921.14
-1.34%