๐ฅ $ETH at a Turning Point โ Trend Reversal or Fake Breakout?
Ethereum (ETH/USDT) is at a critical technical zone right now, and the next daily close could define the next major move.
๐ Daily Chart Breakdown
โข ETH has broken the long-term descending trendline and is now retesting the breakout zone
โข Price is holding above the psychological $3,000 level
โข Early signs of a trend shift are forming, but confirmation is still needed
๐ Key Levels to Watch
๐ฆ Support Zone
โข $3,000 โ $2,950 (must hold to stay bullish)
โข Major downside support: $2,620
๐ฅ Resistance Zones
โข $3,100 โ short-term barrier
โข $3,320 โ major resistance (200 MA / trend confirmation)
โข $4,200+ โ upside expansion zone if
momentum accelerates
๐ Bullish Scenario
โ Daily close above $3,100
โ Volume expansion
๐ฏ Targets: $3,320 โ $4,200
๐ Bearish Scenario
โ Rejection below $3,000
โ Strong sell candle
๐ฏ Targets: $2,800 โ $2,620
โ ๏ธ Market Insight
This is not the time to FOMO.
ETH is offering a high-probability structure, but patience and confirmation are key.
Smart money waits for confirmation โ not emotion.
๐ง Final Thought
If ETH holds $3K and reclaims the daily MAs, we could be witnessing the early phase of a macro trend reversal.
๐ Save this chart.
๐ Watch the daily close.
๐ Trade the confirmation.