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One Level Will Decide ETHEREUM Next Big Move: Watch This Closely
$ETH dropped hard from $4,800 all the way to $1,765, wiping out almost everyone on the way down. That bottom looks done for now.
Since then, price has been slowly climbing inside a rising channel. Recently we saw a fakeout near $2,385, price broke above the channel, trapped buyers, and came right back in. Classic move.
Right now #ETH is sitting just below a big unfilled gap between $2,474–$2,634. That's where price wants to go next.
Above that, $2,900–$3,050 is the real resistance. If ETH breaks and closes above $3,056 on the daily, that changes everything. Full trend reversal.
On the downside, $1,800 is the support to hold. If $1,765 breaks, it's trouble.
My View: ETH is recovering but hasn't proven itself yet. Still needs to break $3,050 to confirm real strength. Until then, be patient and let price show you the move.
Not rushing in. Watching levels. Just my analysis. Not financial advice. Always DYOR.