💎 $ETH: The Last Standing Low! 🛡️
Ethereum is currently at a "Make or Break" point. We are sitting right at the lower bound of the current range, and this isn't just any random support level—this is the Weekly Timeframe Support.
🔍 Key Market Insights:
The Line in the Sand: This zone has historically proven its importance. As long as this weekly low holds, the structure remains intact.
The Scenario: If bulls defend this structure, we could see a rotation back towards the upper bound of the range.
The Risk: A break below this zone changes the entire narrative. I’m not catching falling knives; I’m respecting the levels.
📊 Technical Snapshot:
Current Price: ~$2,939 (+2.46%)
Action: Watching for a solid defense of this structure.
Strategy: Hold the zone = Upside valid. Lose the zone = Re-evaluate the entire bias.
⚠️ Disclaimer: This is not financial advice. Always do your own research (DYOR) and manage your risk strictly.
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