📊 ETH Technical Analysis: Testing Critical EMA Confluence
$ETH is currently showing a high-conviction setup as it tests a major support zone. After a brief rejection at the 3,330 resistance, the price has pulled back to find stability.
🔍 Market Insights
Support Level: Price is holding firmly at the EMA(99) near 3,305.
Price Action: Multiple lower wicks in this zone signal strong buying pressure (demand).
Trend Status: Short-term EMAs are beginning to flatten, suggesting that the corrective phase is exhausting and a bullish rebound is likely.
🚀 Trade Setup: LONG
🎯 Entry Zone: 3,300 – 3,310
✅ Target 1 (TP1): 3,320
✅ Target 2 (TP2): 3,345
✅ Target 3 (TP3): 3,380
🛑 Stop Loss (SL): 3,285
⚠️ Risk Note
The bullish outlook remains valid as long as Ethereum stays above the 3,300 psychological support. A clean break below 3,285 will invalidate this setup.
Nabiha Noor
Always DYOR (Do Your Own Research) before entering any trade.
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