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–$2530 Stop-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.