Technical analysis by Expate about Symbol ETH on 6/1/2025

After a clean downtrend with lower highs and lower lows, ETH has just printed a clear local reversal from the previous demand zone around $2 480–$2 510. Price-action shows us a rounded bottom, that is holding above the 0.5 Fib from the previous pump.We now see:✅ Break of structure on the lower timeframes (check 15m) ✅ Price reclaiming 20/50 EMA with increasing volume✅ Strong green engulfing candle, coming before momentum shift✅ Stop hunter candle below support and quick recovery aka retest.Trade Idea:If ETH holds above $2510–$2520, we may see a strong move toward the next supply zone near $2750–$2780.Entry: $2520–$2530Stop-loss: Below $2440 (or around $2400 for safer invalidation below Fib 0.5)Targets:• TP1: $2666• TP2: $2720• TP3: $2770🟩 Watch for confirmation with a candle close above $2540 + volume spike.🟥 Cancel if price loses $2480 local support zone.TP1 is almost there, you can close trade fully within 2650, or you can close 40% of the trade and move SL to BE (entry point).Original TP1 was reached, recent high 2679.88.We could see one more spike, but afterwards correction is possible.