2025-02-17 15:15:52

$ETH /USDT – STRONG SURGE, BUT IS A PULLBACK COMING?

$ETH has jumped +4.60%, reaching a 24H high of $2,849.70, before facing rejection and settling at $2,816.59. The strong rally indicates bullish momentum, but profit-taking could lead to a short-term retracement.
Key Levels to Watch:
🔹 Immediate Resistance: $2,849.70 – A breakout could send $ETH towards $2,860.30
🔹 Support Zone: $2,767.02 – Bulls must defend this level for sustained upside
🔹 Parabolic SAR Support: $2,721.75 – Losing this may trigger a deeper correction
Potential Scenarios:
✅ Bullish Continuation: If ETH holds above $2,767.02, another attempt toward $2,849.70+ is likely.
❌ Rejection Risk: A drop below $2,767.02 could lead to a retest of $2,721.75.
Volume & RSI Check: Buying pressure is strong, but rejection near $2,849.70 suggests possible consolidation before the next move.
🚀 Breakout Watch: A strong close above $2,860.30 could trigger a rally toward $2,900+!
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