Ethereum Surprises with 'Bottom Signal'? Key Resistance Exposed, Targeting $3000!

Ethereum (ETH) has finally welcomed a rebound after experiencing a weekly drop of 2.56%, soaring by 3% in the past 24 hours! Market sentiment is starting to improve, but ETH's real test lies ahead, with $2,800 becoming the key resistance determining future trends!

📊 ETH Accumulation Data Reveals Upside Potential

Data shows that investors have been aggressively accumulating in the $2,200 range, with about 500,000 ETH being hoarded, indicating strong support at this price level. However, when the price approaches $2,500, these holders often choose to sell.

The real pressure point is at $2,800, where over 800,000 ETH is concentrated. If ETH breaks through this level, the market could see a more intense rally, with the $3,000 mark potentially within reach!

📉 Is ETH Undervalued? MVRV Indicator Signals Buy!

The Market Value to Realized Value (MVRV) ratio has dropped below 1, indicating that ETH's current price is undervalued. In other words, buying ETH at this stage represents the average holding price for institutions and retail investors, presenting high upside potential.

However, this data does not guarantee a rebound, as some investors still anticipate a deeper correction for ETH.

🚨 If it Falls Below $2,114, Could ETH Plummet to $1,250?

Current trading price of ETH is $2,213, but the short-term trend still faces pressure. The four-hour candlestick chart shows a descending wedge pattern, and the Awesome Oscillator (AO) remains negative, indicating that the market has not fully reversed its downward trend.

Analysts warn: If ETH falls below $2,114, it could plummet directly to $1,250! However, if the AO indicator turns positive, ETH may welcome a strong rebound.

🔥 Can ETH Return to $6,000?

Although there are adjustment risks in the short term, many analysts in the market remain bullish, even predicting that ETH could break through $6,000 within the year! The battle between bulls and bears is reaching a fever pitch, with the $2,800 showdown imminent. Will ETH break through, or will it face a deep correction? Stay tuned!