*ETH*
ETH:1,499.22 (+0.71%)
ETHUSDT: 1,498.77 (+0.73—
📉 *Capitulation Before Resurrection | ETH’s Price Action in Focus*
Ethereum has officially *broken its bullish weekly structure*, signaling the start of a retracement phase. The chart shows *no signs of strength* at the moment, and the short-to-mid-term bias remains *bearish* for now.
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🎯 *Near-Term Target:1250*
The first key level to watch is *1250*, which is likely to act as a temporary *support zone*.
- *What to Expect*:
- A potential *bounce* or *rejection wick* around this area.
- This is not the ultimate reversal point, but a crucial *level of interest* to monitor for short-term price action.
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🧨 *Major Liquidity Zone:870*
Ethereum’s real target for a deeper retracement sits around the *870* level — the *2022 low*. Here's why it matters:
- *High Liquidity Zone*: This is a region with significant trading volume, which could lead to *stop hunts* and *liquidations*.
- *Potential Capitulation*: We could see a final panic-driven selloff here, before the *market rebounds*.
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🟢 *Long-Term Opportunity Zone*
Once *870* is tested, and *panic* peaks, it may present the *perfect buying opportunity* for long-term traders. Here’s how to approach it:
- *Spot Buys*: This zone offers the potential for *long-term position building*.
- *Smart Money*: Historically, the best opportunities arise when *fear is at its highest*. If you're ready to enter, this is the zone to watch for accumulation.
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🧠 *Strategy for Long-Term Traders*
- *Patience*: Wait for price action to stabilize and *structure to rebuild* after reaching *$870*.
- *Spot Exposure*: Avoid excessive *leverage* in these lower zones.
- *Macro and ETH/BTC Ratio*: Keep an eye on the *ETH/BTC ratio* and broader market conditions for added confidence.
- *No FOMO*: Don’t rush into the market during *sharp dips* — be patient and wait for confirmation.
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⚖️ *Final Word: Pain Before Power?*
Ethereum might need one last *flush* to the downside before it can start a new *bullish narrative*. The current structure suggests there may be *more downside* before *long-term buyers* come in with conviction.
- *Bottom line*: The deeper the *fear*, the higher the potential reward for those who are *prepared*.
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*🚨 Follow for more updates and analysis on Ethereum's next move!*
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