Dear Binancians ♥️ ♥️ 𝐬𝐭𝐨𝐩…. 𝐬𝐭𝐨𝐩…. 𝐬𝐭𝐨𝐩 scrolling guys ❗❗ Read this before it’s too late…Give me just 5 minutes..... I wanna share meh $ETH analysis with you....
$ETH Weekly Chart Bull Trap or Final Capitulation?
Ethereum is sitting right on a major support zone around $1,500-$1,600, a level that has historically attracted strong buyers. However, the bigger structure still looks weak, with lower highs and lower lows keeping the bearish trend intact.
The chart suggests a possible relief rally first, potentially trapping late buyers before another move lower toward the $900-$1,100 demand zone.
Key Levels to Watch
Immediate Support: $1,500-$1,600
Major Demand Zone: $900-$1,100
Resistance: $2,100-$2,400
Bullish Confirmation: Weekly close above $2,400.
If ETH loses the current support, a deeper correction cannot be ruled out. But if buyers reclaim higher resistance levels, this could become a massive accumulation opportunity for the next cycle.
Ethereum is at a make-or-break zone. The next few weekly candles could decide whether this is the final bottom or just another pause before one more capitulation move.
$ETH Weekly Chart Bull Trap or Final Capitulation?
Ethereum is sitting right on a major support zone around $1,500-$1,600, a level that has historically attracted strong buyers. However, the bigger structure still looks weak, with lower highs and lower lows keeping the bearish trend intact.
The chart suggests a possible relief rally first, potentially trapping late buyers before another move lower toward the $900-$1,100 demand zone.
Key Levels to Watch
Immediate Support: $1,500-$1,600
Major Demand Zone: $900-$1,100
Resistance: $2,100-$2,400
Bullish Confirmation: Weekly close above $2,400.
If ETH loses the current support, a deeper correction cannot be ruled out. But if buyers reclaim higher resistance levels, this could become a massive accumulation opportunity for the next cycle.
Ethereum is at a make-or-break zone. The next few weekly candles could decide whether this is the final bottom or just another pause before one more capitulation move.