⚠️ Ethereum Correction Ahead? $2.2K in Sight Before the Next Move
Ethereum is facing resistance at $2.7K, struggling to break above the 200-day MA — and the chart is flashing warning signs. 🔍
📉 Double-top formation on the daily chart
🔻 Ascending wedge breakdown likely on the 4H chart
📉 ETH Taker Buy-Sell Ratio trending down — aggressive sellers gaining control
Key Levels to Watch:
📉 Support: $2.2K (target of correction)
📈 Resistance: $2.7K (major breakout zone)
⚖️ Neutral zone: Between 100-day and 200-day MAs
💬 "This pullback could be a healthy reset," analysts suggest, eyeing new demand below $2.4K before a breakout attempt.
Sentiment: ⚠️ Short-Term Bearish, Mid-Term Neutral to Bullish
Next Move? Depends on whether selling pressure from weak hands fades — or fuels a deeper correction.
🚀 Break above $2.7K = possible short squeeze & trend reversal
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