ETHEREUM PRICE ANALYSIS:ETH FACES 'MOMENT OF TRUTH' AFTER CRASH TOWARD $3,000!

ETHEREUM HOLDERS RIGHT NOW 👇👇

Ethereum's price is at a critical juncture, facing a "moment of truth" after its recent crash toward $3,000. Crypto analyst Max suggests that if ETH doesn't complete its "ultra-scary 3 drive into the lows" pattern, it may enter a bearish phase, potentially dropping to $2,400 .

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Currently, Ethereum is trading around $3,130, still above the 21-day moving average, indicating that the bullish momentum hasn't been entirely lost .

However, the 4-hour chart shows price bars falling below the moving averages, signaling a potential downward movement.

Key Resistance and Support Levels:

Resistance Levels:$4,000 and $4,500

Support Levels: $3,500 and $3,000

Some analysts, like Wolf, predict a bullish March for Ethereum, with potential rallies to $4,000, $5,000, and even $6,500 by early April .

However, others caution that the price may drop to $2,680.72 if it slips below the moving average lines .

Overall, Ethereum's price faces significant uncertainty, and its future trajectory depends on various market factors.