🚨 Ethereum at a Critical Juncture – Bounce or Breakdown? | Quick Pro Analysis 🚨
Current Status:
Ethereum (ETH) rallied to $2,880 from the $2,550 support zone, showing short-term bullish momentum. However, signs of weakness have emerged, raising questions about the next move.
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📈 Recent Rally Highlights
Broke above: $2,650, $2,720, $2,800
Topped at: $2,880
Holding above: $2,750 & 100-hour SMA
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⚠️ Warning Signs
Rejected at $2,880
Trendline broken at $2,800
Closed below 23.6% Fib level (from $2,483 → $2,880)
RSI below 50, MACD weakening
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📊 Key Levels to Watch
Supports:
$2,755 (Immediate)
$2,680 (Major Fib Support)
$2,620 → $2,500 (Breakdown Zone)
Resistances:
$2,800 (Now Resistance)
$2,880 (Double Top)
$2,920 → $3,120 (Bullish Targets)
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🔄 Scenarios Ahead
Scenario 1 – Bullish Reversal:
If ETH holds above $2,680 & reclaims $2,800 → Targets: $2,880, $2,920, $3,000+
Scenario 2 – Bearish Breakdown:
If ETH breaks below $2,680 → Downside to $2,620, $2,550, possibly $2,500
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✅ Strategy Insight
Buy: Only on confirmed breakout above $2,800
Sell/Caution: If price drops below $2,680
Smart Move: Wait for confirmation – avoid impulsive entries
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📢 What's your take – buying the dip or staying cautious? Let us know!
