Ethereum / TetherUSUpdated Ethereum (ETH/USDT) Rebound or Further Drop? Critical Levels!!
📊 Ethereum (ETH/USDT) Daily Chart Analysis – Feb 4, 2025
🔴 Current Market Overview:
Closing Price: $2,692.12 (-6.52%) 📉
200 EMA Level: $3,128.49 (acting as resistance)
Key Support: $2,250 - $2,400 (Strong Support Zone) ✅
Key Resistance: $3,900 - $4,100 (Demand Zone) 🔥
📉 Price Action Insights:
ETH has seen a sharp decline, breaking below the 200 EMA 🚨.
Price bounced off the Strong Support area, indicating buying interest 📈.
A recovery scenario suggests ETH could retest the $3,000+ zone before heading towards the demand zone near $4,000.
🛠 Trading Strategy:
✅ Bullish Scenario:
A successful higher low formation around $2,750-$2,800 could trigger a move towards $3,250 - $4,000 📊.
Look for confirmation of bullish momentum with volume increase.
🚨 Bearish Risk:
If ETH fails to hold above support ($2,400-$2,500), further downside towards $2,000 is possible 😨.
🎯 Final Thoughts:
ETH is at a critical support; a bounce here could offer a great risk-reward opportunity 🚀.
Keep an eye on 200 EMA resistance and volume confirmation.
💬 What’s your plan? Are you bullish or waiting for more confirmation? 🤔
🔴 Current Market Overview:
Closing Price: $2,692.12 (-6.52%) 📉
200 EMA Level: $3,128.49 (acting as resistance)
Key Support: $2,250 - $2,400 (Strong Support Zone) ✅
Key Resistance: $3,900 - $4,100 (Demand Zone) 🔥
📉 Price Action Insights:
ETH has seen a sharp decline, breaking below the 200 EMA 🚨.
Price bounced off the Strong Support area, indicating buying interest 📈.
A recovery scenario suggests ETH could retest the $3,000+ zone before heading towards the demand zone near $4,000.
🛠 Trading Strategy:
✅ Bullish Scenario:
A successful higher low formation around $2,750-$2,800 could trigger a move towards $3,250 - $4,000 📊.
Look for confirmation of bullish momentum with volume increase.
🚨 Bearish Risk:
If ETH fails to hold above support ($2,400-$2,500), further downside towards $2,000 is possible 😨.
🎯 Final Thoughts:
ETH is at a critical support; a bounce here could offer a great risk-reward opportunity 🚀.
Keep an eye on 200 EMA resistance and volume confirmation.
💬 What’s your plan? Are you bullish or waiting for more confirmation? 🤔
Trade active
Yep! ETH seems to be reacting well from the strong support zone 📈🔥. If it holds above $2,750-$2,800, we could see a push toward $3,250+ soon! 🚀
Are you in a trade, or just watching for now? 👀📊
Note
Nice! 🚀 ETH is showing strength—if it keeps this momentum, $3,250+ could be next! 🔥 Are you holding or trading short-term? 📊💰
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.