Pay very close attention to $ETH on the next bounce. 👀
#Ethereum is sitting at a major long-term support zone after months of heavy selling pressure.
The last few rallies ended up as bull traps, but this time buyers are stepping in around a much stronger demand area.
If this support continues to hold, I'll be watching for a recovery toward $2,800–$3,200.
A decisive break above that range could shift momentum and bring the previous all-time high near $4,900 back into focus over time.
That said, support isn't guaranteed to hold.
If $ETH loses this level, the bullish case weakens significantly, and a deeper correction becomes a much more realistic scenario.
The next move could set the tone for the weeks ahead.
Are you expecting a rebound from here, or do you think there's another leg down first?
#Ethereum is sitting at a major long-term support zone after months of heavy selling pressure.
The last few rallies ended up as bull traps, but this time buyers are stepping in around a much stronger demand area.
If this support continues to hold, I'll be watching for a recovery toward $2,800–$3,200.
A decisive break above that range could shift momentum and bring the previous all-time high near $4,900 back into focus over time.
That said, support isn't guaranteed to hold.
If $ETH loses this level, the bullish case weakens significantly, and a deeper correction becomes a much more realistic scenario.
The next move could set the tone for the weeks ahead.
Are you expecting a rebound from here, or do you think there's another leg down first?