๐ $ETH /USDT โ Potential rebound after a perfect rejection from resistance ๐๐
โฌ๏ธ The price was precisely rejected from the $4,720 area and dropped to $3,850 as predicted โ
โฌ๏ธ $ETH is now testing the lower boundary of the descending channel and sitting on strong support
๐ Trade Setup:
๐น Support Area: $3,850
๐ฏ Upcoming targets in case of a rebound:
โ TP1: $4,100 โ $4,200
โ TP2: $4,400
๐ก๏ธ Stop Loss: Clean break below $3,850
๐ Potential Scenarios:
๐ธ Bullish recovery: Holding above $3,850 = rebound towards the targets
๐ธ Bearish scenario: Break below $3,850 = exposing the next demand area at $3,600 โ $3,700
โ ๏ธ Momentum indicators indicate exhaustion of selling pressure โ buyers are starting to appear
๐ฒ Follow channel #CryptoEmad for real-time analysis and smart recommendations
ETHUSDT
Perp
2,124.08
+2.88%