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Reading: Ethereum holds support and looks for a rebound for BITSTAMP:ETHUSD by Violet_Trading_Strategy
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Ethereum

Ethereum holds support and looks for a rebound for BITSTAMP:ETHUSD by Violet_Trading_Strategy

Last updated: August 19, 2025 7:30 am
Published: 6 months ago
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Ethereum Analysis

Despite a rapid short-term decline, the price has retraced to key support levels between 4260 and 4280 and is showing signs of stabilization, indicating a solid upward trend.

This pullback is a benign market correction. From a technical perspective, the support level is strong. If this support level holds, a rebound is expected.

I recommend establishing a long position in the 4260-4280 range and anticipating a market rally, with a target around 4330-4350.

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