#MarketPullback
๐ Ethereum Holds Key Support โ Bulls Eye $3K Breakout ๐ฅ
Despite a sharp 10% pullback, Ethereum is holding the line โ and analysts say a major move could be brewing. ๐
๐ง Whatโs happening?
ETH dropped to ~$2,400 amid global tension, rising bond yields, & MuskโTrump feud ๐ฃ
But technical support is holding, with bulls defending key EMAs
ETH trades around $2,466, consolidating above the 34-day EMA
Volume is moderate as traders wait for confirmation before new entries
๐ Key levels to watch:
โ
Support: $2,400โ$2,450 zone
๐ Resistance: $2,666 (200-day SMA), then $2,700
๐ฏ Breakout Target: $3,000 โ a major technical + psychological milestone
๐ฌ Analyst Ted Pillows says: โETH is holding range support nicely after the dump. If bulls reclaim $2,600, we could be headed straight for $3,000.โ
๐ With BTC consolidating above $100K, eyes are now on ETH to lead the altseason charge โ but a close below $2,400 could shift the narrative bearish.
Do you think ETH can flip $2,700 and rally back toward $3K? Or is a deeper correction still on the table?