$ETH (Ethereum) Technical Analysis: Consolidating After Local Recovery 📈

​Entry Zone: $2,285 – $2,305

Bullish Above: $2,320
Target 1 (TP1): $2,345
Target 2 (TP2): $2,380
Target 3 (TP3): $2,420+

Stop Loss (SL): $2,260

​$ETH is currently in a consolidation phase on the 1H chart, trading at $2,307.53 with a daily gain of +1.73%. The price has successfully bounced from its 24h low of $2,261.00 and is now stabilizing after testing a 24h high of $2,346.95. The current market structure shows a series of higher lows, indicating that buyers are actively defending the $2,280 zone as they attempt to reclaim higher ground.

​The 24h trading volume for $ETH is substantial at 230,512.56 ETH, totaling approximately $531.75M USDT. This strong volume supports the recent recovery, though a decisive break above $2,320 is required to flip the localized bearish sentiment into a confirmed upward trend. For a sustained rally, ETH must maintain its position above the $2,285 support; a failure to hold this level could trigger a retest of the recent $2,261 floor.

#ETH #Ethereum #WCTCTradingKingPK