đ„ ETHEREUM WEEKLY ANALYSIS â BIG DROP, BIGGER SIGNALS! đ„
Ethereum closed this week with a sharp 11.3% decline, pushing the market into fear mode. But hereâs what the chart is really showing:
đ 1. Strong Downtrend Pressure
ETH has been forming lower highs and lower lows all week. Sellers dominated every bounce, showing clear weakness in momentum.
𧱠2. Key Support Levels Testing
Price is heading toward a critical support zone. If buyers hold this level, we may see a short-term reversal. If not, the next drop could be deeper.
đ 3. Volume Increasing on Red Candles
More traders are exiting positions, indicating panic selling â often the final stage before a recovery.
⥠4. Market Sentiment Is Oversold
Many indicators suggest ETH is entering oversold territory. Historically, these zones create strong bounce opportunities.
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đĄ My Take:
This correction isnât the end â itâs the market resetting. Smart traders observe, not panic. A big move always follows a big shakeout.
What do you think?
Is ETH preparing for a bounce or more downside?
Drop your thoughts below! đ„đ
#ETHđ„đ„đ„đ„đ„đ„ $ETH
