ETHEREUM at Major Support: Bullish Rally Incoming?

2 Apr

ETHUSD is on the verge of a major move. The price has reached a key support level that has historically triggered strong buying interest. This zone has acted as a demand area multiple times, increasing the likelihood of a bullish reaction if buyers step in once again.

The market structure suggests that a confirmed bounce from this level could ignite a significant recovery. If bulls hold the support, the first upside target is $2,400, which represents a logical target for this setup. However, a sustained breakout beyond $2,400 could mark the beginning of a stronger rally, fueled by renewed buying momentum and increasing volume.

Given the prolonged bearish move leading into this setup, a retracement here could turn into a larger trend shift. However, a clean breakdown below support would invalidate this bullish bias and open the door for further downside.

🚀 If this rally takes off, we could see ETHUSD reclaiming higher levels in the coming weeks. What are your thoughts? Drop them in the comments! 🚀

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No signs of rejection yet from this level.