$ETH AT A CRITICAL MAKE-OR-BREAK ZONE
#Ethereum just took a sharp dive and is now searching for stability. The next few candles are likely to decide the short-term direction.
Here’s the setup:
Buyers are attempting to defend a crucial floor. If this zone holds, we could see a relief bounce. But if it cracks, expect further downside momentum.
Key Levels to Watch:
· Immediate Support: $3,150
A hold here could signal buyer strength.
· Major Support: $3,100
If this breaks, the structure turns bearish for the short term.
· Initial Resistance: $3,230
First hurdle for any bounce.
· Next Resistance: $3,300
A reclaim of this level would signal a return of bullish momentum.
The Bottom Line:
This is a textbook inflection point. Trade the break—whether to the upside or downside—with clear invalidation levels. Patience here is key.
Watch the chart. Trade the reaction.
