🔮 Ethereum (ETH) Immediate Price Prediction & Targets
The general sentiment is that a final capitulation phase is underway, meaning the price might see one more sharp leg down before finding a solid bottom.
⬇️ Bearish (Downside) Targets
The most critical technical and on-chain support levels being watched by analysts are:
Primary Support/Psychological Floor: $2,800 - $2,900
This range contains the Accumulation Addresses Realized Price (around $2,895), which is the average cost basis for long-term holders ("whales"). This level has historically acted as a strong magnet and demand zone where patient buyers step in.
Final Liquidity Grab (Potential Low): $2,500
Some analyses suggest that to "flush out" all remaining leveraged long positions, the price could wick down to test this deep support level, although a sustained hold at this price is considered less likely by some analysts, barring a major negative news event.
⬆️ Bullish (Reversal/Bounce) Targets
If the selling pressure eases and the market starts a relief bounce from the current low area, these are the targets it would need to clear to signal a reversal:
Immediate Resistance: $3,000 - $3,050
This is the critical psychological level that was recently broken. Reclaiming it would be the first sign of short-term strength.
Key Reversal Target: $3,250 - $3,350
Clearing this range, which often corresponds to a multi-day moving average, would confirm that the short-term downtrend is over and a stronger relief rally is in play.
Medium-Term Resistance: $3,500
This is the next major target; a sustained move above this level would dramatically shift the market narrative back to bullish consolidation.
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