Ethereum on the front line… Is an explosion or a collapse approaching? 🔥📉📈
ETH is currently hovering around $2,217 after a quick rebound from a low of $2,134, amid a tumultuous market momentum and sudden selling pressures.
📊 Technical support is concentrated between $2,200–$2,250, while critical resistance lurks at $2,300–$2,380. Breaking through this area could push the price towards $2,800, but failure means a potential drop to $2,000.
🦈 Market whales have started accumulating the currency with $39 million, and signals from major institutions like BlackRock enhance the likelihood of a rise.
⚙️ Upcoming developments on the network (like the Pectra update) add a long-term growth dimension.
The question: Is this the calm before the violent rise? Or does Ethereum conceal a deeper correction? The decision lies in the next candle… ⏳
