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ETH USD Recovery On The Way: What Are Traders Watching For?
- Turmoil in the East led to a sharp decline in ETH USD and the global crypto market over the weekend.
- A recovery attempt is underway, but key levels need to be surpassed for bullish sentiment to prevail.
- Global peace is desired amidst the market fluctuations.
- Technical analysis and chart evaluations are being closely examined.
- ETH has bounced back significantly, aiming to maintain $2.3K support.
- The market's reaction is closely monitored for a potential range retake.
- ETH USD price volatility is being analyzed in detail.
- The daily ETH USD chart indicates positive price movements with bullish indicators.
- RSI on the 4-hour chart has shown a recovery from oversold levels to bullish territory.
- The market structure is bullish on the daily timeframe, with key moving averages being tested.
- The post highlights the importance of breaking and closing above MA200 on the daily chart for an alt season.
- Traders are keeping a close watch on various technical factors for potential trading opportunities.
- The recovery in ETH USD is being carefully monitored for further market developments.
- Overall, the sentiment remains cautiously optimistic as traders assess the ongoing market trends.
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