$ETH Ethereum recently surged to $2,104 before retracing to $2,053 and is now stabilizing around $2,062. This raises the question: Is this a temporary pullback before another upward move, or is ETH losing momentum?

Key Levels to Monitor:

Support: $2,037 - $2,050 (critical for a potential rebound)

Resistance: $2,080 - $2,104 (breakout zone for further gains)

Current Trend: The overall trend remains bullish, but momentum is slowing.

Optimal Strategy:

Bullish Scenario: If ETH reclaims $2,080 with strong volume, the next target could be $2,120 or higher.

Bearish Scenario: A drop below $2,037 could lead to a test of $2,000.

Sideways Movement: Wait for a clear confirmation before entering a position.

Avoid impulsive trades and focus on strategic decisions based on volume and key levels.