🚨🚨 Attention Alert 🚨🚨
⚠️ ETH Bulls vs. Resistance: A $3,000 Breakout or Another Crash?
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🚀 Ethereum Bulls Target $2.8K But Face Crucial Resistance 🚀
Ethereum has been consolidating after a significant drop, sparking hopes that a bottom may be forming.
📈 Daily Chart: Higher Highs and Lows
Since bouncing off the $2,100 support level, Ethereum has been making higher highs and lows. However, the $2,700 resistance remains a key barrier. A breakthrough could push ETH toward the $3,000 mark. Failure to do so might send it back down to $2,100.
➡️⚠️ 4-Hour Chart: Rising Wedge Alert
The 4-hour chart shows a rising wedge pattern, often a bearish sign. If ETH breaks below this pattern, a fall to $2,100 or lower could follow. But if it breaks to the upside, a surge toward $3,000 is likely.
➡️ 🧠 Sentiment: Open Interest Drops
Ethereum's Open Interest (OI) has dropped significantly during the recent downtrend, indicating a shift in market sentiment. However, this decline in OI could lead to a more stable, spot-driven market. If demand picks up, a sustainable rally may be on the horizon.
🌟 Key Takeaway:Ethereum bulls are eyeing $2.8K, but the $2,700 resistance could make or break the rally!
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