📉 Ethereum Market Analysis (1D Chart) Understanding Support, Resistance, and Trendlines 📢📢

$ETH

🔍 Key Observations:

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   Major Resistance Zone
   
   🔴 ETH faced rejection around $2875–$2800, which aligns with a previous supply zone (highlighted with red arrows).

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   Current Breakdown
   
   ⚠️ Price has broken below the ascending trendline (blue), which previously acted as dynamic support. This signals weakness and potential for further downside.

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   Support Holding
   
   ✅ ETH is now hovering around a horizontal support zone near $2113–$2283. This area is key — if it holds, a bounce is possible.

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   Next Support Zones to Watch
   
   📉 If price fails to hold above $2100:

   
   

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     Next demand zone lies around $1800–$1900

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     Below that, $1576 is a major long-term support (highlighted at bottom)

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    Macro Trendline Breakout Retest
    
    🔵 ETH previously broke out of a downtrend line (see April-May breakout). Price has now returned to retest that trendline, which may act as support.

📈 Scenario Outlook:

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  Bullish Case:
  
  ETH holds $2100–$2200 zone → Bounces → Next resistance to reclaim: $2600–$2800

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  Bearish Case:
  
  If ETH loses $2100 convincingly → Expect deeper pullback toward $1900 or even $1575 area.

🧠 Pro Tip for Spot Traders:

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  ✅ Patience is key — no need to panic.

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  🛡️ Stick to strong levels. Avoid emotional entries.

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  🔁 Wait for confirmation near support before re-entering or adding more.

📢 Final Note to Followers:

We are in a correction phase, not a crash. As long as ETH holds key structure zones, the bullish macro view remains intact.

Let the chart guide you — not fear or hype.

— With You Always,

Trisha Saha ❤️‍🔥

#NEWTBinanceHODLer #BinanceTGEXNY #BinanceAlphaAlert #MarketPullback #IsraelIranConflict