$ETH at 2,070 after dipping to lows near 2,000-2,050, now bouncing with solid volume on the green candles. Holding above MA7 (2,060) support, testing the MA25 area (1,993? chart shows recovery push). Still below MA99 (2,205), but showing early reversal signs after the downtrend pullback.
Analysis: Nice relief bounce with buyers stepping in at key support, volume backing the move. Bullish short-term if it clears 2,100-2,150 resistance; otherwise, range bound caution. Momentum is building nicely. Targets TP1: 2,200 TP2: 2,350 TP3: 2,500 Stop Loss: 1,980 #CelebratingNewYearOnGateSquare
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$ETH at 2,070 after dipping to lows near 2,000-2,050, now bouncing with solid volume on the green candles. Holding above MA7 (2,060) support, testing the MA25 area (1,993? chart shows recovery push). Still below MA99 (2,205), but showing early reversal signs after the downtrend pullback.
Analysis:
Nice relief bounce with buyers stepping in at key support, volume backing the move. Bullish short-term if it clears 2,100-2,150 resistance; otherwise, range bound caution. Momentum is building nicely.
Targets
TP1: 2,200
TP2: 2,350
TP3: 2,500
Stop Loss: 1,980
#CelebratingNewYearOnGateSquare