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ETH/USD Daily Technical Analysis
ETH wicked into the purple band resistance at $2,650 following a sharp impulse wave and is currently trading around $2,532.
Bullish Scenario: If the $2,649 resistance is broken and a daily candle closes above it, the uptrend may gain momentum.
Correction Scenario: In a potential pullback, the first strong support is $2,379, followed by $2,212. The 1,942 - 1,847 range is a critical support zone for preserving the trend’s main structure.
The purple dashed lines on the chart define the main range boundaries #CoinDeskRevealsGateRWAPerpetualsTop3Globally