Ethereum (ETH) has once again become the center of attention as it attempts to reclaim bullish momentum — but not without a fight. After a strong upward rally, ETH is showing signs of correction, leaving traders asking the big question: Is this a buying opportunity or the beginning of a breakdown?

Let’s dive deep into the current market structure, technical analysis, and critical price zones to determine what's really going on behind Ethereum's latest moves.

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🚀 The Rise: Ethereum's Break Above $2,800

Ethereum recently staged a strong comeback after dipping as low as $2,550, outperforming Bitcoin in the short term. Bulls managed to push the price above several resistance levels:

✅ $2,650 broken

✅ $2,720 reclaimed

✅ $2,800 surpassed

✅ Brief touch at $2,880

This upward rally marked a clear shift in momentum as buyers took control, pushing ETH to levels not seen in recent weeks. The price remained comfortably above $2,750 and the 100-hour Simple Moving Average (SMA) — a sign that the short-term trend was indeed bullish.

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🔄 The Turnaround: Trendline Broken, Correction Begins

However, after peaking near $2,880, Ethereum started to lose steam. The rally couldn’t sustain higher levels, and a technical correction kicked in. Here are the key signals:

❌ ETH failed to hold above $2,880

❌ Broke below a crucial bullish trend line on the hourly chart (support was near $2,800)

❌ Dropped below the 23.6% Fibonacci retracement of the $2,483 → $2,880 swing

Currently, Ethereum is struggling to reclaim $2,800, which has now flipped from support into a resistance level. This could be a sign of a weakening bullish grip in the immediate term.

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📊 Technical Outlook: What the Indicators Say

Let’s break down the main technical indicators for a clearer picture:

Indicator Status

MACD (Hourly) Fading bullish momentum — potentially flipping bearish

RSI (Hourly) Below 50 — bearish bias gaining strength

100-Hour SMA Still holding as short-term support near $2,750

Trendline Broken — caution advised

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🔍 Key Levels to Watch

🟢 Support Zones

$2,755 – Immediate support

$2,680 – Major support; also the 50% Fib retracement of the rally from $2,483 to $2,880

$2,620 – Break below this could lead to strong bearish pressure

$2,550 – Critical psychological and historical support

$2,500 – Last stand for bulls in the current cycle

🔴 Resistance Zones

$2,800 – Immediate resistance turned from support

$2,840 – Next technical resistance

$2,880 – Recent high; must break this for bullish continuation

$2,920 – Strong barrier; breakout here could trigger massive upside

$3,000–$3,120 – Short-term bullish targets if $2,920 flips

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⚔️ Scenario 1: Bullish Revival

If Ethereum manages to hold above $2,680 and breaks back above $2,800, it could quickly gain momentum again. A solid move past $2,880 would likely:

Reignite bullish interest

Attract buyers back in

Push price toward $2,920, possibly $3,000 and $3,120

👉 Verdict: Watch for bullish confirmation above $2,880 with strong volume.

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🐻 Scenario 2: Deeper Correction Incoming

On the flip side, failure to reclaim $2,800 and continued rejection could open the door for deeper losses. A clean break below $2,680 would be the first big warning, potentially dragging ETH down toward:

$2,620

$2,550

Even $2,500, if selling intensifies

👉 Verdict: A break below $2,680 = likely extended downside. Use tight stop-losses if going long.

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🧠 Pro Tip: Don’t Chase — Wait for Confirmation

Whether you’re a short-term scalper or a swing trader, the current Ethereum structure calls for patience and precision. The market is in a cooling-off phase, but it's still in a bigger uptrend — unless $2,500 gets broken.

This is a textbook example of a retest scenario, where previous resistance is tested as support. If it holds — bulls return. If it breaks — bears take over.

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🎯 Final Thoughts

Ethereum’s correction phase is normal after a strong rally. The key question now is not if ETH will move — but in which direction it will break out. Smart traders are watching these key levels like a hawk:

Bullish bias: Only valid above $2,800

Bearish breakdown: Likely below $2,680

Until then, ETH remains range-bound and volatile — perfect conditions for disciplined traders with a plan.

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📌 Are You Buying the Dip or Waiting for Confirmation?

Drop your thoughts in the comments — and stay sharp. The next Ethereum breakout might just be around the corner. 📈💥

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