๐ $ETH at a Crossroads: Is the $2,900 Support the Ultimate Buy Zone? ๐
Ethereum ($ETH) is testing the nerves of every trader this week! After a mid-month surge toward $3,350, weโve seen a 12% "healthy" correction. But hereโs why you should keep your eyes glued to the charts:
๐ The Technical Breakdown:
Support Zone: $ETH is currently hovering around $2,905. Technicals show massive historical buy orders in the $2,850 - $2,900 range. If this holds, weโre looking at a spring-loaded move.
The Resistance: To flip bullish, we need a clean daily close above $3,100. Once we clear that, the path to $3,400 looks wide open.
RSI Alert: The Relative Strength Index is entering the "oversold" territory on smaller timeframesโhistorically a signal for a bounce!
๐ฅ Why the Smart Money is Watching:
Despite the price dip, Ethereum's network activity is at an all-time high! With institutional giants like Bitmine adding $100M to their holdings this week and Davos 2026 leaders highlighting "Tokenization" as the future, the long-term fundamentals have never been stronger.
โ ๏ธ Pro Tip: Watch the funding rates! They've turned negative, meaning short-sellers are paying long-holders. In crypto, this often precedes a "Short Squeeze" that pumps the price higher. ๐
๐ฌ THE BIG QUESTION:
Are you Accumulating the dip at $2,900, or are you Waiting for a deeper drop to $2,700?
๐ Drop your price prediction for the end of February in the comments!
#ETH #Ethereum #CryptoAnalysis #TradingSignals #HotTrends
$ETH Trade here ๐
