🚀 $ETH Analysis: Key Support & Critical Levels 🚀
🟢 Major Key Support Zone:
ETH is currently sitting on a critical support zone, a level it has respected multiple times in the past, leading to significant directional changes. This zone remains a crucial battleground between bulls and bears.
📊 Daily & 4H Timeframes:
On the Daily and 4H charts, we’re seeing strong bullish rejection from this support zone, signaling potential for upward momentum.
📈 1H Timeframe Observations:
The 1-hour chart adds weight to the bullish case, with back-to-back bullish candles forming. This indicates a renewed attempt by buyers to regain control.
🚨 Key Resistance at 3,340:
For bulls to fully take control, ETH must decisively break above the 3,340 level. A breakout here could trigger a strong bullish rally.
📉 Breakdown Scenario:
If the support zone fails, we could see a significant dip, with ETH potentially dropping to the 2,800 - 2,900 range. This makes the current level a high-stakes zone to watch closely.
🎯 Key Takeaway:
A bullish breakout above 3,340 could drive momentum higher.
Support breakdown could push ETH lower to test 2,800 - 2,900.
💡 Stay sharp and adapt to market signals. Opportunities lie in both directions!