ETHUSD INTRADAY Bullish consolidation The ETH/USD pair maintains a bullish overall sentiment, underpinned by a sustained upward trend.
Key Levels:
Support: 2,190 (primary), followed by 2,123 and 2,046
Resistance: 2,625, with extended targets at 2,725 and 2,850
A corrective dip toward the key support zone at 2,190 could offer a bullish rebound opportunity. A successful bounce from this level would reinforce the uptrend and pave the way for a test of the 2,625 resistance. A breakout above this level may open the door to further gains toward 2,725 and 2,850 over the longer term.
Conversely, a decisive break and daily close below 2,190 would invalidate the bullish setup, potentially triggering a deeper pullback toward the 2,123 and 2,046 support levels.
Conclusion:
While the broader trend remains bullish, ETH/USD is currently consolidating. Traders should watch the 2,190 support closely—its defence may confirm trend continuation, while a breakdown could signal a short-term bearish reversal.
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