Ethereum ($ETH ) is showing signs of a recovery after a significant correction, but it remains at a critical technical crossroads.
ETH Technical Analysis
• Current Trend: Short-term bullish, but mid-term cautious. ETH has gained roughly 15% over the last two weeks, bouncing off a multi-year support trendline around the $2,000 mark.
👉🏻Resistance: $2,380 – $2,400. This is the "make or break" zone. A solid daily close above $2,400 could trigger a rally toward $2,800.
• Support: $2,100 – $2,175. If ETH fails to break resistance and dips, this is the primary floor where buyers have recently stepped in.
The market is currently in a "wait-and-see" phase.
👉🏻• The Bull Case (Up): If Bitcoin holds its recent highs and ETH clears $2,400, momentum will likely carry it higher quickly as short-sellers are forced to cover their positions.
👉🏻• The Bear Case (Down): Whale wallets (10k–100k ETH) have shown signs of selling near the $2,320–$2,350 range. If demand doesn't increase, we could see a rejection and a retest of the $2,100 area.
Entry Strategy
👉🏻Look for a "confluence" signal—if ETH hits the $2,150 support while the RSI (Relative Strength Index) shows it is oversold on the 4-hour chart, it's a higher-probability entry.
#Kalshi’sDisputewithNevada #ETH
$ETH Hurry up Gyzzzz😁