Ethereum Dey Eye $1,600 Fall Then E Go Bounce Back Reach $2,800
Ethereum price start break one multi-year symmetrical triangle, e dey raise risk say e fit fall 25% reach the 200-period EMA near $1,600. On-chain data show say one whale move almost 96,000 ETH and net inflows still dey enter major exchanges, while Glassnode talk say big wallet dem dey transfer big amount, e still dey support the bearish vibe. But Ethereum price don now bounce back pass the 100-hour SMA and that bullish trendline wey dey $2,450. Immediate resistance dey at $2,520, then $2,550 and that important $2,600 level. If e clear pass $2,600, e fit open road go $2,680, $2,750 and $2,800. For downside, dem gats hold $2,450 and $2,420 support zones well, if e fall under, e fit make am test $2,400 again and carry deep loss for around $2,350 to $2,320. Hourly MACD still dey bullish and RSI pass 50, e dey show say buying pressure still dey strong. Traders suppose dey check support and resistance levels, Fibonacci retracements, and on-chain flows to know the best time to enter and exit.
Bullish
Di combine analysis show say Ethereum price conquer initial bearish signs like triangle breakdown, whale outflows and weak RSI to grab key technical levels back. The bounce pass 100-hour SMA and bullish trendline plus bullish MACD and RSI above 50, mean say buying power dey gather again. Clear resistance and support levels give traders correct points to enter and exit. All these factors together dey point to better chance for ETH in near term.