$ETH at Critical $2,880: Bullish Reversal or Rejection Ahead? 🧐

$ETH is currently facing significant resistance at the $2,880 level, challenging market sentiment. This key price point will determine its near-term direction. Despite early bullish indicators, $ETH remains at a crucial crossroads.

On the 4-hour chart, analyst Lennaert Snyder noted that $ETH has charted a pattern of a low, a higher low, a high, and a higher high. This sequence is often interpreted as an initial signal for a potential market reversal. 📈

The $2,880 resistance is pivotal for $ETH. A sustained break above this level could confirm bullish momentum. Conversely, a rejection here might signal a pullback, testing lower support zones. 📉

Information is for market updates, not investment advice.