Could Ethereum be on the verge of a major reversal?

לפני 3 ימיםYello, Paradisers! Could #Ethereum be gearing up for a major reversal? All eyes are on this critical support zone, and what happens next could shape the market in a big way. Let’s dive into the details.

💎#ETHUSDT is once again testing a strong support zone between the $2,200 to $2,000 levels. This range has become increasingly important, and we’re starting to see the development of a possible triple bottom structure—always a strong signal for a potential reversal.

💎Back in early 2024, this exact zone served as the foundation for a rally that took Ethereum to the $4,000 level. With history potentially repeating itself, we could be looking at another significant move higher if this support holds.

💎Once the reversal starts Ethereum is set to face initial hurdles at $2,350 and a descending resistance around $2,400. These levels could present some challenges, but if the bulls break through, we could see strong momentum supported by rising volumes, with price targets initially set at $2,550 and then towards the more formidable $2,720 to $2,820 zone.

💎This $2,720 to $2,820 resistance also aligns with the weekly time-frame and could be a tough battle for bulls on their first attempt. However, a clear breakthrough here could trigger a major higher time-frame reversal, marking the end of the ongoing bearish trend.

Paradisers! Remember, patience and strategy are key in these moments. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

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