$ETH Approaching Key Resistance – Prepare for Both Scenarios
Ethereum is now nearing a crucial resistance level. If it breaks through, our target at the supply zone could be reached quickly. However, be cautious — a breakout could trigger either a sharp liquidation or a trend continuation. Don’t get trapped by a false move.
I've flipped completely bearish at this point. If we see a strong rejection and price drops sharply, we have a demand zone below where we can look to re-enter long positions. Otherwise, the supply zone will act as our primary level for clean short setups.
Stay sharp. Watch how the market reacts — this zone will decide the next big move.