Ethereum (ETH) is hanging on by a thread at $1,831, sitting right at macro support — and the next move could set the tone for weeks!
Here’s what’s happening:
🔻 ETH lost key short-term trendlines
⚠️ Now testing critical support from the previous higher lows
📉 A breakdown from here could open doors to $1,750 or even $1,600
⚡ But if bulls step in hard, we might see a sharp bounce and retest of $2K+ levels
Why it matters:
Market uncertainty is high with ETF buzz & macro pressure
ETH dominance is dipping — altcoins watching closely
This level has acted as a strong pivot in past cycles
My Take:
This is the do-or-die zone for Ethereum. Lose this, and the macro downtrend strengthens. Hold strong, and we could see a relief rally spark across majors!
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