Why $2,800–$2,850 Matters for $ETH ? 🤔

Ethereum ($ETH) attempted to push above the $3,000 level but faced a swift rejection 📉, signaling strong resistance. Following this, ETH is now pulling back towards a crucial support area between $2,800 and $2,850. This range previously held strong during last week’s dip.

The failure to decisively break $3,000 could indicate a short-term weakening of bullish momentum. However, this doesn't necessarily imply a bearish trend. Many traders anticipate a "sweep" of the $2,800 zone to trigger stop-losses before a potential price reversal kicks in.

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**Why $2,800–$2,850 is Key**

This zone isn't just arbitrary; it has recently acted as a robust support level. A return to such levels often presents a prime buying opportunity, especially if broader market sentiment remains bullish.

If Ethereum successfully defends this support again, it could pave the way for another attempt to breach $3,000 🚀. Conversely, a failure to hold this level might see ETH head towards the next major demand zone. Always monitor volume and momentum indicators for confirmation of any reversal or breakdown.

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