Last Friday, ETHUSDT experienced a price decline, retesting the 2216 support level. This zone has proven to be a robust support area, acting as a weekly order block and successfully holding price on two separate occasions. Notably, the bodies of the candlesticks consistently closed above this level, reinforcing its strength.
Over the weekend and into Monday, the market exhibited positive signs of recovery. ETHUSDT’s upward movement suggests a potential bullish trend.
Key Zones to Watch:
This week, traders and investors should focus on the 2500 to 2600 price range. A break above this zone could indicate a stronger uptrend. However, it’s essential to remain cautious and monitor market developments closely.
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