Ethereum (
$ETH ) is currently holding above a strong demand zone, with buyers consistently absorbing every minor dip. The lack of strong selling pressure suggests that market sentiment remains positive.
Price action shows a consolid
ation phase, but the overall market structure is still bullish. Pullbacks are shallow, indicating healthy demand. On lower timeframes, momentum is stabilizing, while buyers continue to defend the base area aggressively.
As long as this support zone remains intact, the probability of a bullish continuation stays high.
Potential Trade Levels (For Educational Purposes Only)
Entry Zone: 3,050 – 3,080
Stop Loss: 3,000
Target 1: 3,200
Target 2: 3,350
These levels are based on technical analysis and market structure. Traders should always apply proper risk management and conduct their own research before entering any position.
Conclusion
Ethereum is consolidating above a key support zone with strong buyer interest and weak selling pressure. If this support holds, a move toward higher resistance levels remains the more likely scenario.
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