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🚨 ETHUSDT Update: Bulls Are Fighting Back After a Major Sell-Off! 🚨
After a brutal downtrend from the $2,090 area to the recent low near $1,504, ETH is showing early signs of stabilization. The 1H chart suggests sellers are losing momentum while buyers are gradually stepping in around the key support zone.
📊 Technical Breakdown: ✅ Strong support held near $1,500-$1,520
✅ Price currently consolidating around $1,567
✅ MACD is recovering from bearish territory, indicating weakening downside pressure
✅ KDJ has turned upward, signaling short-term bullish momentum
✅ RSI is holding above mid-levels, showing improving buying strength
🎯 Key Levels to Watch: 🔹 Support: $1,500 - $1,520
🔹 Resistance: $1,620 - $1,650
🔹 Breakout Target: $1,700+ if bulls reclaim resistance with volume
⚠️ As long as ETH remains above the $1,500 support zone, a relief rally remains possible. However, traders should watch for volume confirmation before expecting a larger trend reversal.
💬 Are you accumulating ETH here or waiting for a clearer breakout? Follow for daily crypto market insights and high-probability setups!
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