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

Entry Zone: $2,310 – $2,325

Bullish Above: $2,340
Target 1 (TP1): $2,360
Target 2 (TP2): $2,400
Target 3 (TP3): $2,480+

Stop Loss (SL): $2,295

$ETH is currently showing signs of consolidation following a recent upward impulse on the 15m chart, trading at $2,330.26 with a modest daily gain of +0.56%. The price action reveals a sharp move away from the 24h low of $2,300.55, as it now fluctuates near the 24h high of $2,336.48. The formation of a localized peak followed by minor retracement suggests the market is testing the strength of the current bid before attempting a further breakout.

The 24h trading volume is active at 86,614.31 ETH, totaling approximately $200.67M USDT. This volume supports the current price levels but requires a sustained increase to push past overhead resistance. For a definitive bullish continuation, $ETH needs to flip the $2,340 level into firm support; staying above the $2,315 zone is critical to avoid a deeper retest of the psychological floor at $2,300.

#ETH #Ethereum #WCTCTradingKingPK