Demand Zone Confirmed:
The $3,000–$3,100 level has proven to be a solid support, as buyers stepped in aggressively to absorb selling pressure.
The sharp rebound reinforces this area as a critical foundation for further upside.
Targets in Focus:
Target 1: $3,500 – A major resistance zone and logical next stop for this rally.
Target 2: $4,000 – A psychological level and key high from earlier this month.
Risk-Reward:
Entry: $3,250 (current level).
Stop Loss: $2,950 (below the demand zone).
Target 1: $3,500 (8% upside).
Target 2: $4,000 (23% upside).
Technical Momentum:
The recent bounce suggests growing bullish momentum as ETHUSD recovers from oversold conditions.
A breakout above $3,350 would confirm a move toward $3,500 and beyond.
Market Sentiment:
Broader crypto markets are entering a relief rally, and Ethereum remains one of the strongest assets with robust fundamentals.