Ethereum ($ETH ) is back in the spotlight — but this time, things look a bit risky. After a clean rally up to $2,880, we’re now seeing signs of correction.
So the big question is: Is this a dip worth buying or a deeper drop brewing? Let’s dive into the analysis — level by level, signal by signal. 🔍
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🔥 ETH’s Recent Rally Recap:
ETH recently bounced hard from around $2,550, and even outperformed BTC for a short stretch. Here's what it cleared:
✅ Broke above $2,650 resistance
✅ Sliced through $2,720
✅ Managed to push past $2,800
✅ Topped out at $2,880
Short-term trend flipped bullish. Plus, price is still trading above $2,750 and the 100-hour SMA — showing bulls aren’t completely out.
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⚠️ Trendline Breakdown – Caution Signals Flashing:
But after touching $2,880, things turned shaky:
❌ Price rejected sharply from the highs
❌ Bullish trendline around $2,800 got broken
❌ Closed below the 23.6% Fib level from the $2,483 → $2,880 swing
What used to be support at $2,800 is now resistance, and that flip is key. Sellers are starting to flex.
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📉 What the Indicators Are Telling Us:
Indicator Signal
MACD (1h) Bullish momentum slowing down
RSI (1h) Below 50 – leaning bearish
100-Hour SMA Still holding as support
Trendline Broken — trend shift alert
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📊 Key Levels to Watch:
🟢 Support Zones:
• $2,755 – First support
• $2,680 – Major Fib level
• $2,620 – If this cracks, sellers step in harder
• $2,550 – Previous bounce base
• $2,500 – Last line of defense for bulls
🔴 Resistance Levels:
• $2,800 – Now acting as a ceiling
• $2,840 – Short-term cap
• $2,880 – Local double top
• $2,920 – Bullish breakout zone
• $3,000–$3,120 – Upper targets if breakout holds
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🟢 Scenario 1: Bullish Recovery Setup
If ETH finds strong support around $2,680 and manages to reclaim $2,800, bulls could aim for:
🎯 $2,880
🎯 $2,920
🎯 $3,000–$3,120
But wait for confirmation — don’t jump in blindly.
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🐻 Scenario 2: Bearish Breakdown in Play
If ETH breaks below $2,680, correction could deepen:
❌ $2,620
❌ $2,550
❌ Even $2,500 on the cards
This zone is critical — it could be the final lifeline for short-term bulls.
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🧠 Smart Trader Tip:
This is a classic no-man’s land. Not fully bullish. Not fully bearish.
Let the breakout or breakdown confirm before acting.
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✅ My Take: What to Do Now?
Action Trigger
Buy Setup If $2,800 is reclaimed with volume
Sell / Caution If $2,680 is lost on strong momentum
ETH is moving sideways, but the next move could be explosive — stay alert.
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📣 Your Turn:
Are you buying the dip or waiting for a clear retest?
Drop your thoughts in the comments — let’s see where the community stands!
Big move loading… stay sharp. 💥📈
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