Ethereum at a Critical Crossroads: Key Levels & Upcoming Developments

$ETH

The coming weeks could be pivotal for Ethereum, with price action nearing a significant historical level. The 2021 cycle low remains within reach, and while February managed to hold above that zone, it’s uncertain whether ETH can avoid one final dip before establishing a firm bottom.

🔹 Current Market Overview: Ethereum is trading at $2,190.45, reflecting a 4.31% decline. The key support-resistance (SR) level dates back to 2017, reinforcing its importance in ETH’s long-term price structure.

🔹 Catalyst for Reversal? The upcoming mainnet upgrade next month could serve as a potential turning point. If Ethereum wicks below the 2021 low while simultaneously aligning with this major network event, it might present an ideal bottom before the next uptrend.

📊 Is this the final retest before Ethereum’s next bullish phase? Share your insights below! 🚀🔥

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