$ETH continues to hold above the 50-week moving average (MA50) for the 6th time, showing resilience despite
$BTC Dominance rising above 60% and ongoing uncertainty in global markets.
However, Ethereum remains trapped in the $2,300–$2,800 range. Bulls and bears are battling for control, and a decisive breakout or breakdown could set the direction for the next major move.
⚠️ Momentum Alert: The weekly Stochastic RSI is showing bearish momentum, meaning another shakeout remains possible if ETH loses key support.
🎯 Key Levels to Watch:
🟢 Support: $2,300 — A breakdown could open the door toward $1,900.
🔴 Resistance 1: $2,550
🔴 Resistance 2: $2,800 — A breakout could strengthen the bullish case.
📈 Bullish scenario: ETH holds $2,300 and reclaims $2,550, potentially setting up a retest of $2,800.
📉 Bearish scenario: ETH loses $2,300, increasing the risk of a deeper correction toward $1,900.
👀 My take: The $2,300–$2,800 range is the key battleground. Watch for confirmation before taking a position—don't let emotions control your trades.
What do you think? Will ETH break above $2,800 or drop toward $1,900? 👇
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