🚀 Ethereum (ETH) Market Update – Key Levels to Watch! 📊

Ethereum (ETH) is currently testing the $1,790 support level, a crucial golden ratio (61.8% Fibonacci retracement). While the market remains uncertain, ETH is at a critical juncture where both bullish and bearish scenarios are possible.

🔹 Current Market Structure:

✅ ETH is holding a higher low, suggesting a potential bounce.

✅ The move down appears corrective, not impulsive, keeping bullish options open.

✅ Key support levels: $1,747, $1,581, and $1,530 if further downside unfolds.

✅ Key resistance: $1,900 – A decisive break could signal a bullish reversal.

🔹 Possible Scenarios:

📈 Bullish Case:

🔸 If ETH breaks $1,900 with 5-wave confirmation, expect a strong uptrend.

🔸 Could initiate Wave A of 5, leading towards new all-time highs.

📉 Bearish Case:

🔸 Failure to break resistance and a drop below $1,818 could open the door to $1,725 or lower.

🔸 The next key Fibonacci targets are $1,666 and $1,573.

📌 Final Thoughts:

Ethereum remains in uncertain territory, requiring confirmation of trends before making major moves. Watch $1,900 closely—a breakout could shift momentum towards bullish recovery, while failure may lead to further downside.

$ETH

⚡ Stay updated & trade wisely!

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