$ETH /USDC Technical Analysis
Current Price: $2,073
24H High: $2,088
24H Low: $2,007
After a strong bounce from the $2,007 support zone, Ethereum has shown a bullish breakout on the 1H timeframe with strong buying volume. The price has pushed above the short-term moving averages, indicating increasing bullish momentum.
đč Key Support: $2,030 â $2,050
đč Immediate Resistance: $2,090
đč Major Resistance: $2,120 â $2,150
đ Bullish Scenario:
If ETH holds above $2,050, the next move could test $2,090 and potentially $2,120.
đ Bearish Scenario:
A drop below $2,050 may lead to a retest of the $2,030 â $2,000 support zone.
⥠Market Insight:
Volume expansion during the breakout suggests buyers are stepping in, but traders should watch resistance near $2,090 for possible rejection or continuation.
đ Trading Idea:
Buy on pullback near $2,050 â $2,060
Target $2,100+
Stop loss below $2,030
â ïž Always manage risk and trade responsibly.
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