$ETH — Is Ethereum Primed for a Bounce? 🔥
Ethereum has slipped -3.32% today, now trading at $2,492.11, just above the 24H low of $2,474.56. After touching highs of $2,603.60, ETH has been in a consistent downtrend—but is a reversal brewing?
📉 Weekly Gain: +2.90%
📉 90-Day Performance: +36.79%
📉 180-Day Dip: -31.43%
📉 1-Year Trend: -24.58%
Despite today's drop, the bid-to-ask ratio is massively bullish (91.88% buyers), hinting at accumulation near support. This could be an ideal zone for bargain hunters.
🔍 Short-Term Support: $2,470
🔍 Next Resistance Zone: $2,530–$2,600
If $ETH holds this level and breaks back above $2,500, a quick recovery could follow. All eyes are on the next couple of candles.
⚠️ Disclaimer: This content is for educational purposes only and not financial advice. Always DYOR before investing.