ETH/USDT – 30M – BUY

The 30-minute chart has fired a cluster of bullish signals, including a Trendline Break Down (likely a break below a minor trendline that often precedes a snap-back rally), a BOP Zero Cross Up indicating improving buying pressure, a STOCHF KD Cross Up, a CTI overbought entry, an HMA Retreat, a 62% Fibonacci retracement, a Bullish Harami Cross, and an Inverted Hammer. This confluence of indicator, candlestick, and Fibonacci levels suggests an attempt to reverse the local downtrend within an overall bullish daily structure. The 15-minute and 30-minute trends are still bearish, but momentum appears to be shifting, and the 8h/12h/1d higher timeframe trends remain bullish.

The immediate direction is likely upward toward resistance at 2536.64, with the closest support at 2460.92 acting as a safety net. The strongest alignment comes from the 1-day and 12-hour charts, which still favor buyers, and the local reversal signals, if they hold, could turn the 30-minute timeframe into the first higher timeframe to flip bullish. Be aware that the 15m remains bearish, and the 30m has been choppy, so expect volatility. A close below 2460.92 would invalidate the reversal setup.

Key levels to watch are the 2536.64 resistance and the 2460.92 support. A push through the resistance could open the door for a longer-term retest of the 2600 zone, while losing support would negate the short-term bullish outlook and shift attention back to the 2600 zone.