🔍 Why the $2,800–$2,850 Zone Matters for
$ETH 🔍
Ethereum recently attempted a push above the $3,000 level 🚀 but was quickly rejected ❌, confirming that this area remains a strong resistance for the bulls 🐂🧱. Following the rejection, ETH has started to pull back 📉 and is now approaching a key support zone between $2,800 and $2,850 — a range that held firm during last week’s dip 🛡️📊.
The failure to break above $3,000 may suggest that short-term bullish momentum is cooling ❄️. However, this does not automatically signal a bearish trend 🐻❌. Many traders believe Ethereum could perform a “liquidity sweep” 🧹💧 around the $2,800 area — briefly dipping below support to trigger stop-losses 🎯 before a potential reversal 📈 kicks in.
📌 Why $2,800–$2,850 Is Important
This zone is not random ❌. It has acted as a strong support level recently 🧱. When price revisits such areas, it often creates attractive buying opportunities 🛒📈 — especially if broader market sentiment remains bullish 🌍🐂.
If Ethereum can defend this support once again 🛡️, it could set the stage for another run at $3,000 🚀. But if this level fails ⚠️, ETH may move lower toward the next major demand zone 📉. As always, keep an eye on volume and momentum indicators 📊👀, as they’ll be crucial in confirming any reversal or breakdown 🔄💥.
#Ethereum #ETHFI #TokenizedSilverSurge $ETH