ETH/USD (Ethereum vs U.S. Dollar) on 2-hour timeframe...

[johnblockbuster]

ETH/USD (Ethereum vs U.S. Dollar) on what seems to be the 2-hour timeframe.

Here’s what’s visible:

The chart shows a descending trendline (downtrend) and a horizontal support zone around the $3,200 area.

My marked two “Target Points” above, suggesting a bullish reversal setup from that support.

Target Levels (approximate based on chart scale)

1. First Target Point: around $3,450 – $3,480
   → This aligns with the first resistance zone and the projected move from the descending breakout.

2. Second Target Point: around $3,720 – $3,750
   → This represents the measured move from the pattern height projected upward — the next major resistance.

[Rimon Khan]

ETH’s short-term range tightening — breakout above $3.1K could trigger momentum.

[Abdul Khan]

RSI recovery on lower timeframes hints at buyer strength returning.