๐๐ฅ Why is Ethereum ($ETH ) holding strong โ and whatโs next?
While Bitcoin has seen a sharp correction, $ETH remains impressively stable above the crucial $3,000 mark. Why? ๐
โ Rotation cycle in crypto:
Historically, after $BTC pumps, capital often rotates into Ethereum first, then into large-cap altcoins, and finally smaller caps. Weโre seeing signs of that rotation now โ which helps ETH stay resilient.
๐ฐ Strong psychological & technical support:
The $3,000 zone is a major psychological and technical level. Buyers are stepping in to defend it.
๐ What are the next possible targets?
If ETH keeps holding above $3,000:
Immediate target: $3,200 โ a recent resistance zone.
Break above $3,200 could open the door toward $3,400โ3,500 next.
โ But watch closely:
If BTCโs correction deepens or ETH fails to hold $3,000, ETH could revisit support around $2,850โ2,900.
๐ง Analyst perspective:
ETHโs stability is a healthy sign โ showing that confidence is shifting into altcoins after BTCโs big move. As long as Bitcoin doesnโt break down further and ETH stays above $3,000, the path toward $3,200+ looks realistic.
โจ In summary:
ETH is showing strength above $3,000.
Next target: $3,200 if BTC calms down.
Stay alert to BTC volatility, but ETH rotation looks promising!
