$ETH UPDATE 🚨
$ETH has almost tapped our worst-case scenario zone, and price is now trading very close to the area we have been watching for months.
Can we see a little more downside? Absolutely. Nothing goes straight up, and another flush into the lower part of the support zone is still possible.
However, based on the current structure, I believe
#Ethereum is much closer to a local bottom than a local top. If this support region holds, the next 2–3 months could look very different from what we've seen recently.
I know there are many large accounts calling for sub-$1,000 ETH and saying the market is completely finished. Everyone is entitled to their own opinion, but I can only share what I see on the chart.
What I'm Seeing 👇
✅ RSI is deeply oversold
The RSI on the chart is hovering near extreme oversold levels.
Historically, these levels have often appeared near local bottoms rather than major tops.
✅ Risk-to-reward is improving
Chasing pumps is dangerous.
Buying near major support zones usually offers much better risk management.
✅ The panic is already here
Most people become bearish after large drops.
The strongest opportunities usually appear when sentiment is at its worst.
My Expectations
Bullish Scenario
$ETH holds the current support zone.
A recovery toward the short-term resistance area begins.
If momentum returns, the first major target is the TP1 zone, followed by TP2 over the coming months.
Bearish Scenario
We briefly lose support and sweep liquidity inside the red "worst-case" zone.
This would likely create maximum fear before a larger recovery attempt.
My Conclusion
I'm not calling for an instant reversal tomorrow.
What I'm saying is that it is entering an area where the reward is becoming more attractive than the risk. The next few weeks will be critical, but unless we see a complete breakdown of the structure, I still believe
#Ethereum has a realistic chance of delivering a strong bounce during the next 2–3 months.
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