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As discussed earlier, $ETH re-tested the 2200–2100 demand zone — a level that has historically absorbed heavy selling pressure. This zone did its job once again.
#ETH bounced from around 2150 and pushed toward 2400, confirming a short-term relief rally. This move was expected, especially after the sharp drop from the 3000 region, which created oversold conditions and forced reactive buying.
Key insight from the charts:
The 2200–2100 zone remains a high-interest demand area (multiple historical reactions).
The current move is a temporary bullish recovery, not a confirmed trend reversal.
Price is still below major resistance levels formed during the breakdown from 3000.
Levels to watch now:
Support: 2200–2100 (must hold to avoid renewed weakness)
Immediate resistance: 2400–2500
Stronger resistance: 2700–2800
Risk zone: A clean loss of 2100 opens the door back toward 1800 → 1500
This bounce is reactionary, driven by demand + oversold pressure.
For a real bullish shift, Ethereum needs acceptance above key resistance, not just a bounce.
Support zones decide moves — patience decides profits.
#ETHUnderPressure