ETH 29/8 – Fierce battle in the death zone ⚔️🔥
Brothers, ETH is entering a life-and-death battle in the true sense. Looking at the D1 and H4 charts feels like a battlefield – where the Bulls and Bears are bombarding each other continuously!
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D1 Frame 📅
After a strong acceleration, ETH has climbed up to 4,800$ but was then mercilessly shot down.
Currently, the price is clustering around 4,300 – an important support zone, which is also the last bastion that the Bulls must hold.
If they hold strong, ETH can completely bounce back and launch a counterattack up to 4,600 – 4,800.
But… if it breaks below 4,300 – the gates of hell back to 4,000 or even 3,800 will open.
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H4 Frame ⏰
Looking at H4, you can clearly see ETH has tested the 4,300 zone multiple times. This is no different from a trench where both sides are firing back and forth.
The most recent red candle has plunged straight into support, signaling that the bears are very aggressive.
If the Bulls gather enough strength to bounce back, it’s highly likely that ETH will create a strong pump towards the 4,600 zone to wash out the blood of those who are shorting recklessly.
But if not… then be prepared to witness a bloodstorm pulling ETH back to 4,000 in the blink of an eye.
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Conclusion 🎯
Bullish scenario: Holding at 4,300 → bouncing back to 4,600 – 4,800.
Bearish scenario: Losing 4,300 → dropping to 4,000 – 3,800.
ETH now stands like a warrior on the brink of life and death, just a spark away from an explosion on the battlefield! 💥
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👉 What do you think? Will ETH bounce back for a rapid counterattack, or collapse in the bloodbath of the bears?
Feel free to leave a comment and share your perspective! 🚀🔥
