๐จ ETH Price Outlook โ Scenario 2 in Play? ๐ฅ๐ฅ๐ฅ
Ethereum (ETH) is showing early signs of following Scenario 2 from my previous technical analysis (see shared chart). This scenario points to a bearish continuation, especially if BTC fails to reclaim key support.
๐ Technical Breakdown:
ETH is facing strong resistance near $3,100, which aligns with previous highs and EMA rejections.
The key support zone lies between $2,800 and $2,850. A clean break below this range could trigger a fast drop.
Next major support sits around $2,550 โ $2,600, which coincides with the March consolidation area.
โ ๏ธ What This Means:
For new traders or beginners, this is a dangerous area to open long positions. The market lacks bullish confirmation, and FOMO can be costly in these zones.
๐ Short-term sentiment: Cautiously Bearish
โณ Best strategy: Wait for confirmation or consider hedge strategies if you're already exposed.
๐ข Stay Updated Daily with clear, beginner-friendly analysis on my X page:
๐ https://x.com/Dahhan_Analysis
#ETH #Ethereum #crypto $ETH #Binance #ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
