$ETH
Ethereum at a Critical Level – What’s Next? 📊
Ethereum is currently trading near $2,111, a level where bears are showing strong resistance. The market structure suggests increasing selling pressure, with the RSI at 28.13, indicating oversold conditions. While this often signals potential relief, confirmation is still needed.
If bearish momentum continues, ETH could decline toward the key support at $1,750. This level is crucial — buyers are likely to step in aggressively here. A strong bounce from $1,750 could lead to short-term consolidation and range formation.
However, if sellers push the price below $1,750, the next major support sits around $1,537.
On the upside, the first sign of strength would be a daily close above $2,111. That could open the door for a move toward the 20-day EMA at $2,364 — a critical resistance zone. A successful breakout above this level may shift momentum in favor of the bulls, targeting the 50-day SMA near $2,838.
📌 Key Levels to Watch:
• Support: $1,750 → $1,537
• Resistance: $2,111 → $2,364 → $2,838
The coming sessions will be decisive. Will buyers defend support, or will bears extend the correction?
What’s your outlook on ETH — bullish rebound or deeper pullback? 👇🔥 #ETH
