Current Situation: The price of ETH is consolidating above the interest zone of $2281-$2255 USD. 💥
Bullish Scenario 📈:
If ETH maintains its position above this zone, it opens the path for a potential rise, targeting liquidity retracements at $2321.87 and $2389.08.
Bearish Scenario 📉:
From the sell zone at $2467-$2428 USD, a strong short-term reaction is expected. If support fails to hold, a drop to $2189-$2142 is likely, where we will observe the price action.
Breakdown Potential ⚠️:
In the event of a breakdown, deeper declines to $2076-$1983 are possible, presenting potential buying opportunities on the spot market.
Stay tuned for further updates as the market evolves!
