🚨 ETH Price Outlook – Scenario 2 in Play? 🔥🔥🔥
Ethereum (ETH) is showing early signs of following Scenario 2 from my previous technical analysis (see shared chart). This scenario points to a bearish continuation, especially if BTC fails to reclaim key support.
🔍 Technical Breakdown:
ETH is facing strong resistance near $3,100, which aligns with previous highs and EMA rejections.
The key support zone lies between $2,800 and $2,850. A clean break below this range could trigger a fast drop.
Next major support sits around $2,550 – $2,600, which coincides with the March consolidation area.
⚠️ What This Means:
For new traders or beginners, this is a dangerous area to open long positions. The market lacks bullish confirmation, and FOMO can be costly in these zones.
📉 Short-term sentiment: Cautiously Bearish
⏳ Best strategy: Wait for confirmation or consider hedge strategies if you're already exposed.
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