Ethereum (ETH) is at a massive crossroads today! After a brutal dip, we are finally seeing some green on the charts. ETH is currently testing the $1,920 - $1,950 resistance zone.
Hereâs the breakdown for my fellow traders:
The Good News: Bulls stepped in aggressively at the $1,800 support level. This is a 5-year demand zone that historically brings big bounces.
The Challenge: On-chain data shows a spike in ETH deposits to Binanceâis this "capitulation" (the final sell-off) or just short-term profit-taking? đ§
Key Level to Watch: If we close a 4-hour candle above $1,965, the next stop could be $2,120 very quickly! đ
My Strategy: Iâm keeping a close eye on the $1,880 level for a retest. If it holds, it's a solid entry for a move back above $2k.
What are you doing?
1ïžâŁ Buying the dip at $1,800? đ°
2ïžâŁ Waiting for $2,000 confirmation? âł
3ïžâŁ Holding through the storm? đ
Let me know your entry price in the comments! đ
#Ethereum #ETH #CryptoTrading #BinanceSquare #TradingSignals