#ETH

Ethereum is currently trading around $2,431, and my overall view remains cautiously bullish.

ETH has made a powerful recovery from the lower $1,800 area and has now reached an important resistance zone. Recent technical analysis also identifies $2,431 as a major resistance level, meaning this is a critical point where buyers must prove that the rally still has strength.

At $2,431, I would not chase the price aggressively. ETH has already moved strongly, and momentum indicators have become stretched. My preferred strategy is to wait for either a confirmed breakout above $2,431 or a controlled pullback toward support. If ETH breaks $2,431 with strong volume and holds it as support, the next upside zones could be $2,500, $2,600 and potentially $2,700.

KEY SUPPORT:

$2,350 is the first short-term support, followed by $2,300 and $2,172. A deeper correction could bring ETH toward $2,000–$1,960. The $1,925–$1,960 region is especially important because previous technical analysis identified this area as a major structural support/resistance zone.

KEY RESISTANCE:

R1 $2,431, R2 $2,500, R3 $2,600. Above $2,600, ETH could target $2,700–$2,800 if the broader crypto market remains bullish.

TRADING STRATEGY:

At $2,431, I would avoid putting the full position into the market. A safer approach is to scale in around $2,350–$2,400 if buyers defend the pullback. Another opportunity would come after a confirmed breakout above $2,431 followed by a successful retest. This gives a better risk/reward structure than chasing a large green candle.

STOP-LOSS PLAN:

SL1 $2,320 for an aggressive setup, SL2 $2,180 for a wider swing trade, and SL3 $1,920 for a deep-risk structure. Position size should be adjusted according to the stop distance.
TAKE-PROFIT PLAN: TP1 $2,500, TP2 $2,600, TP3 $2,700–$2,800. If ETH reaches TP3 with strong momentum, I would secure partial profits rather than assuming the rally must continue vertically.

MY FORECAST:

My base case is a move toward $2,500–$2,600 if ETH can hold above $2,400. A decisive breakout above $2,600 could open the way toward $2,700–$2,800. On the other hand, losing $2,300 would increase the probability of a deeper correction toward $2,172 and potentially $2,000.

MY FINAL OPINION:

ETH looks structurally stronger, but $2,431 is a major decision point. I prefer BUYING CONTROLLED PULLBACKS rather than FOMO at resistance. Above $2,431, bullish momentum can accelerate; below $2,300, I would become more defensive. The key is confirmation from price and volume, not simply predicting the next candle.

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