$ETH
### **๐จ Ethereum Price at Crossroads: Healthy Pullback or Bearish Reversal?**
**๐ ETH Corrects After $2,880 High โ Whatโs Next?**
- **Current Price:** ~$2,750 (testing key support)
- **Recent High:** $2,880 (15-week peak)
- **Key Levels:**
- **Support:** $2,680 (50% Fib retracement) โ **Must hold for bullish continuation**
- **Resistance:** $2,800 โ $2,880 โ $3,000 (psych level)
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### **๐ Why the Dip?**
โ **Normal Retracement:** ETH surged **+15% in June** โ Profit-taking expected
โ ๏ธ **Technical Breakdown:** Bearish hourly trendline break at **$2,800**
๐ **MACD & RSI:** Momentum slowing (RSI <50) โ Needs bullish revival
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### **๐ Bull Case: Road to $3,000**
- **Hold $2,680 support** โ Rebound toward $2,880+
- **ETF inflows & staking demand** could fuel next leg up
- **Break $2,920** = Path to **$3,000+** (target by July)
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### **๐ Bear Case: Deeper Correction Ahead?**
- **Lose $2,680** โ Drop to **$2,550** (200-day MA)
- **BTC correlation risk:** If Bitcoin stumbles, ETH could follow
- **Low fee revenue** remains a concern for network sustainability
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### **๐ก Traderโs Takeaway:**
- **Scalpers:** Watch **$2,680-$2,800** range for breakout/breakdown
- **Swing traders:** Wait for confirmation above **$2,880** or below **$2,550**
- **Long-term holders:** DCA โ ETHโs **2025 ETF narrative still strong**
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**๐ฅ POLL: Whereโs ETH Headed Next?**
- **๐ $3,000+ by July**
- **๐ Range-bound ($2,600-$2,900)**
- **โ ๏ธ Drop to $2,500 first**
**Comment your pick!** #Ethereum #ETH #Trading #Crypto
*(Source: TradingView, Kraken, CoinMarketCap)*
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**๐ฏ Key Catalyst to Watch:** **U.S. CPI data (June 12)** โ Hot inflation = Risk-off pressure. Soft data = ETH rally resumes.