🚨 Is the
$ETH Dip Over? Ethereum Bulls Show a Pulse! 🐂
We've been seeing some serious red, but check out this ETH/USDT chart! After touching a low around $2,623, it looks like a fight is brewing. We're currently sitting at $2,786.79.
The crucial takeaway? The price is still trading significantly below the MA(7), MA(25), and MA(99) lines—which are all pointing down (the purple line is your major resistance). This signals the bears are still technically in control on this timeframe.
$ETH However, that little green candle at the end shows a small bounce! Is this the start of a reversal, or just a temporary relief rally before a retest of the low? The market is tense, with a lot of talk about key support around $2,700 holding the line.
Keep your eyes glued to this one! The next few 4-hour candles will be very telling. Which way do you think we're heading? Drop your predictions below! 👇
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