$ETH Ethereum's Potential Reversal: Signs of Stabilization

After a four-month downtrend, Ethereum (ETH) appears to have found a potential bottom. Analysis suggests the $1,750 level is a significant support point, and the likelihood of breaching it again is now considered low. This stabilization coincides with Gann cycle projections, indicating a potential market shift. Furthermore, the ETH/BTC pair has shown positive signals, suggesting an impending upward movement.

Technical Analysis Points to Consolidation:

* Daily and 3-Day Chart Stabilization: ETH's daily and 3-day charts are showing signs of stabilization, indicating a potential trend reversal.

* Pullback Expected: While the overall outlook is positive, a pullback is anticipated as the market consolidates.

* Optimal Entry Zone: The $1,890 - $1,940 range is identified as a potential buy zone during the expected pullback.