$ETH Pullback or Setup? Ethereum Tests Key Levels After Rejection at $2,735
After a fiery 100% rally, Ethereum ($ETH) hit resistance around $2,735 — and now the market's asking:
Is this dip a trap… or a setup?
Let’s break it down 👇
📊 ETH Price Snapshot
Current Price: $2,491.75
24h Change: -1.01%
Support Zone: $2,456 (200EMA) → $2,302 (50EMA)
Resistance: $2,700 → $2,880
ETH is holding a key support level — but momentum is fading. RSI has dipped under 50, and MACD just flipped bearish.
🕵️♂️ What the Data’s Telling Us
📉 Cooling Momentum
Money Flow and RSI suggest bulls are losing steam. A bounce is possible, but watch for false starts.
🐋 Whale Activity
On-chain data shows whales are still accumulating, even as price dips — a bullish long-term signal hiding under short-term fear.
🧠 Market Psychology
Corrections in uptrends are normal. The question is:
Will this zone hold, or are we headed for a deeper reset?
🎯 Trade Plan Zones
1️⃣ Primary Buy Zone: $2,302 – $2,456
→ Strong confluence of EMAs + previous demand zone
2️⃣ Breakout Target: $2,880+
→ Needs strong reclaim above $2,700
3️⃣ Deeper Catch: $1,779 (historical long-term support)
→ Unlikely, but worth watching if macro shifts
🧠 Long-Term Vibe Check
✅ Pectra Upgrade → Scalability + gas fee reduction
✅ Smart Contract Dominance → Still #1 in dApp activity
✅ Institutional Interest → ETH ETF narrative keeps building
💬 Your Move:
Is this ETH’s healthy breather before the next leg… or the start of something deeper?
