$ETH is getting rejected right at the Bull Market Support Band + weekly 200 MA.
This is a major high-timeframe decision zone.
If ETH can’t reclaim this area, the downtrend that started last year is still fully intact.
Key level:
$2,400 – $2,500
Bulls *must* defend this zone — no excuses.
Until that happens, there is no confirmation of a trend reversal, only noise inside a broader downtrend.
The real question:
Is this a dip… or just another lower high?
#Ethereum #ETH #KelpDAOExploitFreeze #Markets
This is a major high-timeframe decision zone.
If ETH can’t reclaim this area, the downtrend that started last year is still fully intact.
Key level:
$2,400 – $2,500
Bulls *must* defend this zone — no excuses.
Until that happens, there is no confirmation of a trend reversal, only noise inside a broader downtrend.
The real question:
Is this a dip… or just another lower high?
#Ethereum #ETH #KelpDAOExploitFreeze #Markets