🔬 Ethereum’s Next Move: Pullback or Breakout?
💡 Research‑Backed Insights:
🚧 Failed Breakout at $3,745: ETH briefly cleared this key resistance but closed below, signaling profit‑taking by sellers.
📉 Support Levels to Watch:
38.2% Fib at $3,494 – first major floor.
50% Fib at $3,381 – strong mid‑range pivot.
20‑Day EMA at $3,191 – critical for trend health if $3,381 gives way.$ETH
🎯 Rebound Target: If ETH holds between $3,494–$3,381 and bounces, next upside sits at the recent swing high of $4,094.
⚠️ Bear Case: A breakdown below $3,381 could spark deeper selling toward the 20‑day EMA—and delay any sustained uptrend.
🔎 Why It Matters:$BTC
Fibonacci retracements are favored by traders to gauge entry points, and the 20‑day EMA often acts as dynamic support in bullish regimes. Watching how ETH reacts around these levels will reveal if bulls are still in control or if sellers will push for a deeper correction.$SOL
💬 Your Strategy? Will you buy the dip around $3,494–$3,381, or wait for a clear breakout above $3,745 to chase $4,094? Drop a 🛒 if you’re loading up on support, or a 🧐 if you’re holding out for confirmation!
