$ETH โ Is Ethereum Primed for a Bounce? ๐ฅ
Ethereum has slipped -3.32% today, now trading at $2,492.11, just above the 24H low of $2,474.56. After touching highs of $2,603.60, ETH has been in a consistent downtrendโbut is a reversal brewing?
๐ Weekly Gain: +2.90%
๐ 90-Day Performance: +36.79%
๐ 180-Day Dip: -31.43%
๐ 1-Year Trend: -24.58%
Despite today's drop, the bid-to-ask ratio is massively bullish (91.88% buyers), hinting at accumulation near support. This could be an ideal zone for bargain hunters.
๐ Short-Term Support: $2,470
๐ Next Resistance Zone: $2,530โ$2,600
If $ETH holds this level and breaks back above $2,500, a quick recovery could follow. All eyes are on the next couple of candles.
โ ๏ธ Disclaimer: This content is for educational purposes only and not financial advice. Always DYOR before investing.