ETHUSD INTRADAY bullish trend supported at 2,360Trend Overview:
Ethereum (ETH/USD) remains in a bullish trend, underpinned by a sequence of higher lows and a well-defined rising structure. Recent intraday price action reflects a consolidation phase, likely forming a bullish continuation pattern within the prevailing uptrend.
Key Technical Levels:
Support: 2,360 (primary), followed by 2,160 and 2,090
Resistance: 2,750 (initial), then 2,930 and 3,130
Technical Outlook:
A corrective pullback toward 2,360, which aligns with a prior consolidation zone, may offer a buy-the-dip opportunity. A successful retest of this level could set the stage for a continuation toward 2,750, 2,930, and 3,130 over the medium to long term.
However, a confirmed break and daily close below 2,360 would invalidate the near-term bullish outlook, increasing the risk of a deeper correction toward 2,160 and 2,090.
Conclusion:
ETH/USD continues to show bullish momentum as long as it holds above the 2,360 support level. A rebound from this zone would likely confirm the ongoing consolidation as a base for further upside. A breakdown below 2,360, however, would shift the short-term bias bearish, exposing Ethereum to deeper downside risk.
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