🚨 $ETH to DROP to $3,500? What will happen:

#Ethereum just had a massive July, pumping an incredible 54%, but the daily charts are showing some signs of a potential short term pullback. I'm seeing a bearish MACD and bearish RSI divergence, which can be signals that a cooling off period might be on the horizon.

It's possible that #ETH could drop back towards the $3,500 level in August. But don't panic! A healthy pullback is often necessary to shake out the weak hands and build a stronger foundation for the next leg up. A dip to that support level would give us a perfect opportunity for a bounce and a fresh start.

Remember, zooming out on the charts shows us that Ethereum is in a powerful accumulation phase, similar to its massive 2017 to 2021 run. A small dip is just a temporary event in a long, powerful uptrend! Stay sharp and get ready!

Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated! #MarketPullback #ETHCorporateReserves #EthereumTurns10