The king of smart contracts is at a critical crossroads! After a recent sell-off that tested the psychological $2,000 support, $ETH is showing signs of a relief rally. 📉📈
📊 The Technical Setup
Current Status: ETH is hovering around $2,060 - $2,100 after heavy liquidations earlier this week.
Key Resistance: Bulls need a 4H candle close above $2,120 to confirm a trend reversal toward $2,500.
Solid Support: $1,875 - $2,000 remains the "Must-Hold" zone. If this breaks, we could see a deeper correction.
🚀 Why the Bull Case is Still Alive
Fusaka Upgrade: The recent network upgrade has successfully lowered L2 costs, boosting ecosystem activity.
ETF Inflows: Institutional demand via spot ETFs remains a steady "buy the dip" floor for long-term holders.
Institutional Premium: Analysts (like Standard Chartered) are still eyeing a $7,500 target by year-end 2026. 🎯
💡 My Strategy
I’m looking for a Long entry on a successful retest of $2,050 with a target of $2,350. Always use a Stop Loss below $1,980 to stay safe! 🛡️
What’s your ETH play?
Are you 🟢 Accumulating or 🔴 Waiting for lower prices? Drop your target in the comments! 👇