ETH/USDT Bullish Reversal Analysis

ETH/USDT Bullish Reversal Analysis 🚀📈

🔍 Chart Overview:
Ethereum (ETH) has shown a strong bullish reversal from the support zone near $2,200, forming a V-shaped recovery pattern. The price is currently trading around $2,450, with upward momentum targeting the next key resistance level.

📌 Key Technical Highlights:

✅ Support Zone:

Clearly respected at $2,200 – $2,300 range

Multiple candle wicks suggest strong buyer interest

✅ Resistance Zone:

Major resistance expected around $2,900

Historical rejection indicates potential selling pressure

✅ Target Level:

Short-term target marked at $2,610 🟣

If momentum sustains, price could push towards this zone before facing resistance

📈 Bullish Momentum:

Strong breakout from downtrend channel

Formation of higher highs and higher lows

Price action respecting upward trend structure

🛠 Pattern Structure:

Reversal pattern after corrective phase

Bullish engulfing candles suggest continuation

📊 Forecast Path:
Two potential scenarios are outlined:

📈 A clean push to the $2,610 target, followed by consolidation

🔄 A short pullback to $2,374 before continuation to the target

⚠️ Conclusion:
ETH/USDT is showing bullish signs with potential to reach $2,610. Watch for consolidation or pullbacks as buying opportunities, but be cautious of heavy resistance above $2,900. Ideal for short- to mid-term bullish setups.

🔔 Recommendation:
Monitor price action around $2,374–$2,450 zone for potential entries with tight risk