Chart Analysis: ETH/USD — Bullish Reversal Setup

📊 Overview:
The ETH/USD chart shows a strong downward trend that recently tested a key support zone (highlighted in yellow). After touching this area, the price showed signs of buyer interest, suggesting a potential bullish reversal.

🔍 Technical Breakdown:

Support Zone (Highlighted in Yellow):

Located around 3,100–3,200 USD.

Price reacted positively here multiple times, indicating solid buying pressure.

Resistance Levels:

3,680 USD, 3,747 USD, and 3,913 USD are key resistance zones marked with dotted red lines.

These levels represent potential profit-taking areas for bullish traders.

Falling Channel (Bearish):

The prior downward move formed a descending channel, from which the price has broken out, signaling potential trend exhaustion.

Reversal Pattern:

The double-circle highlights mark higher lows and potential bullish divergence, supporting a trend reversal scenario.

Buy Entry Zone:

The chart indicates a buy area near the support, with the stop loss just below 3,100 USD.

Target Projection:

The chart’s arrow targets 3,913 USD, aligning with the upper resistance — a strong risk-reward ratio setup.

🟩 Trade Plan Summary:
Parameter Level (Approx.)
Buy Zone 3,200 – 3,250 USD
Stop Loss Below 3,100 USD
Take Profit (Target) 3,900 – 3,913 USD
Trend Bias Bullish Reversal
Risk/Reward ~1:3
🧭 Conclusion:

ETH/USD is showing early signs of bullish recovery from a strong support base. A breakout confirmation above 3,350–3,400 USD would strengthen the bullish case, while a close below 3,100 USD would invalidate this outlook.

Title:
📈 ETH/USD — Bullish Reversal from Key Support Zone Toward 3,900 Target