ETHUSD After a strong sell-off, ETH formed a base around $2620 and reclaimed structure. The recent breakout and consolidation suggest accumulation before continuation. As long as price holds above $2940–$3000, bullish continuation remains favored toward the next supply zone
Key Scenarios
✅ Bullish Case 🚀
If price holds above $2940–$3000 support:
🎯 Target 1: $3200
🎯 Target 2: $3350–$3450 (major supply zone)
❌ Bearish Case 📉
A clean break below $2940 may invalidate the bullish structure and open deeper retracement.
Current Levels to Watch
Support Zone: $2940–$3000
Rising Channel Support
Liquidity Target: $3350–$3450
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
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