Ethereum (ETH): Bounced Strong & Re-Testing EMAs | Bullish

ETH bounced strongly from the oversold zone, and the recovery candle looks like a reaction to a liquidity grab rather than an actual dump. Price is now pushing back above EMAs, similar to the previous setups we saw in August (althought this time is is a little different)

The key now is a successful re-test of this reclaimed zone. As long as buyers hold structure and manage to break the zone of EMAs, the next step is continuation toward the $5,555 target.

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