🚨 Ethereum in the Danger Zone – Bounce or Breakdown? Quick English Recap 🔍
Ethereum (ETH) is back in the spotlight after a sharp move to $2,880, but now it's facing a critical correction. Here's a quick summary of the current setup 👇
🚀 Recent Bullish Move:
ETH rallied from $2,550 → $2,880
Broke key resistances: $2,650, $2,720, $2,800
Still holding above $2,750 and 100-hour SMA – buyers still have a shot
🔻 Warning Signs – Reversal?
Rejected at $2,880
Trendline at $2,800 broken
Dropped below 23.6% Fib retracement
$2,800 is now a resistance – caution ⚠️
📉 Indicators Say:
MACD losing bullish momentum
RSI below 50 – bearish bias
Trendline broken = short-term weakness
📊 Key Levels to Watch:
Support Zones:
$2,755 – Immediate support
$2,680 – Major level (50% Fib)
$2,620 / $2,550 / $2,500 – Danger if these break
Resistance Zones:
$2,800 – Now resistance
$2,840 – Minor wall
$2,880 – Double top
$2,920 → $3,120 – Bullish breakout targets
⚔️ Scenarios:
Bullish Case:
If ETH holds above $2,680 and reclaims $2,800, it may target:
$2,880 → $2,920 → $3,000+
Bearish Case:
If $2,680 breaks, expect further downside:
$2,620 → $2,550 → $2,500
🧠 Smart Strategy:
✅ Wait for confirmation — don’t jump early
📉 If $2,680 breaks = caution
📈 If $2,800 reclaims = potential buy
What do you think? Will ETH bounce or break down? Drop your thoughts below! 💬
Big move coming soon — stay sharp! ⚡
#ETH #CryptoUpdate #EthereumAnalysis #noobtoprotrader #BuyTheDip