#Ethereum Holds Key Range Support After Pullback โ Bulls Eye $3,000 Level ๐ณ๐ณ
๐๏ธ Buy and trade here ๐
Ethereum has faced a sharp #MarketPullback dropping over 10% in the last 24 hours as global tensions and macroeconomic uncertainty shake investor confidence across markets. The retrace comes amid rising US bond yields and escalating trade conflict rhetoric between major global powers, particularly the United States and China. While Bitcoin holds strong above key support levels, altcoinsโincluding Ethereumโare under pressure, prompting caution among short-term traders.
However, some analysts believe this dip could present an opportunity rather than a threat. Top analyst Ted Pillows shared technical insights suggesting that Ethereum is holding range support well, even after the sharp decline. According to Pillows, ETHโs ability to stay above critical support zones is a positive sign, with a potential breakout toward higher levels if it manages to reclaim momentum within the range.
The coming weeks will likely be decisive for Ethereum and the broader altcoin market. If market volatility calms and Bitcoin continues to consolidate above $100K, Ethereum could lead the next leg up, opening the door for a strong #altseason. For now, traders are closely watching how ETH behaves around its current support to determine whether a deeper correction or a bullish reversal is in play.
