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$ETH (Ethereum) Technical Analysis: Local Recovery Attempt 📈
Entry Zone: $2,300 – $2,320
Bullish Above: $2,360
Target 1 (TP1): $2,400
Target 2 (TP2): $2,440
Target 3 (TP3): $2,500+
Stop Loss (SL): $2,280
$ETH is currently showing signs of a localized recovery on the 4H chart, trading at $2,335.76 with a daily increase of +1.97%. This follows a period of consolidation where the price established support near the 24h low of $2,252.72. The current price action indicates that buyers are attempting to reclaim higher levels after testing the mid-range liquidity, with the immediate target being the 24h high of $2,344.19.
The 24h trading volume for $ETH is substantial at 332,175.98 ETH, representing approximately $763.12M USDT in activity. This significant volume suggests strong market participation during this recovery phase. To confirm a sustained bullish trend, ETH needs to break and hold above the $2,360 resistance level, which could open the path toward the next psychological barrier at $2,400.
#ETH #Ethereum #GatePreIPOsLaunchesWithSpaceX