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.
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