#Ethereum (ETH)** has once again captured the market’s attention — but this time, the setup looks challenging. After rallying up to **\$2,880**, ETH has started to pull back.
### So the key question is:
**Is this a buy-the-dip opportunity or the start of a deeper correction?**
Let’s break it down with a full technical analysis covering price action, key levels, and market indicators.
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### 🚀 ETH Rally Recap – Bulls in Control (For Now)
Ethereum recently showed strength, outperforming Bitcoin and breaking through several resistance zones:
* ✅ Broke above \$2,650
* ✅ Cleared \$2,720
* ✅ Pushed past \$2,800
* ✅ Topped out at \$2,880
The trend remained **bullish in the short term**, and price is still holding above the **100-hour SMA and \$2,750 support**, suggesting buyers are not out yet.
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### 🔄 Trend Reversal Signs – \$2,800 Breakdown Raises Caution
Post-rally, some weakness is now visible:
* ❌ Rejection from \$2,880
* ❌ Break of bullish trendline near \$2,800
* ❌ Close below 23.6% Fibonacci retracement of the \$2,483 → \$2,880 move
**\$2,800 has flipped into resistance**, signaling a potential shift in short-term momentum.
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### 📉 What Do the Indicators Say?
| Indicator | Status |
| ----------------- | -------------------------- |
| **MACD (Hourly)** | Bullish momentum weakening |
| **RSI (Hourly)** | Below 50 – Bearish bias |
| **100-Hour SMA** | Still acting as support |
| **Trendline** | Broken – caution warranted |
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### 📊 Key Levels to Watch
**🟢 Support Zones:**
* \$2,755 – Immediate short-term support
* \$2,680 – Key level (50% Fib)
* \$2,620 – Breakdown could accelerate
* \$2,550 – Strong historical base
* \$2,500 – Last line of defense for bulls
**🔴 Resistance Zones:**
* \$2,800 – Now acting as resistance
* \$2,840 – Next key level
* \$2,880 – Local double-top area
* \$2,920 – Potential breakout zone
* \$3,000–\$3,120 – Short-term bullish targets
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### ⚔️ Scenario 1: Bullish Rebound Possible
If ETH **holds above \$2,680** and reclaims the **\$2,800 level**, the following upside targets may come into play:
* ✅ \$2,880
* ✅ \$2,920
* ✅ \$3,000 – \$3,120
**Wait for confirmation** — impulsive entries here may carry higher risk.
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### 🐻 Scenario 2: Breakdown Confirmation
If Ethereum **breaks below \$2,680**, it could signal a deeper correction:
* ❌ \$2,620
* ❌ \$2,550
* ❌ Possibly down to \$2,500
This zone could act as the **last major support** for short-term bulls.
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### 🧠 Pro Tip: Let the Chart Speak
ETH is currently in a **neutral-to-bearish zone**. This is a textbook case of:
> “Wait for confirmation, not assumption.”
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### 🔍 Summary: Key Takeaways
| Action | Condition |
| ------------------- | ------------------------------- |
| **Buy** | On confirmed reclaim of \$2,800 |
| **Sell / Risk-off** | If \$2,680 breaks down |
Ethereum is range-bound — but the **next move could be explosive**. Stay alert, and let the market lead the way.
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📣 *What's your strategy? Buying the dip or waiting for a clean breakout? Let us know in the comments!*
#ETH #Ethereum #Binance #noobtoprotrader
