Ethereum / TetherUS
Long
Updated

"Massive Support Zone Holds — Is ETH Ready to Bounce?"

201
Ethereum (ETH/USDT) – 4H Technical Analysis


Support Zone & Reversal Potential
Price has tested a strong daily support level around $1,526, marked by a high-volume reaction zone. A reversal is anticipated from this area as buyers step in.

Short-Term Outlook
The market shows early bullish signs, with a potential move toward the 1st target level at $1,624. Sustained momentum above this level may confirm a short-term trend reversal.

Key Resistance Levels

Upside continuation faces resistance at $1,766, followed by a stronger zone near $2,015. The 200 EMA also poses dynamic resistance, reinforcing these barriers.

Conclusion
As long as the price holds above the support zone, a bullish recovery toward the target levels remains likely. A breakdown below support would invalidate this outlook.

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