Ethereum Support for $3,500 Dey Pave Road for Rally to $4,800
Ethereum dey test im critical $3,500 support level, wey be key for determine if bullish momentum go continue or if deep correction dey come. Holding this Ethereum support zone don stop sharp fall from recent highs near $3,900, as the asset dey trade around $3,554 now.
Analysts dey talk say ETH dey inside corrective Wave 2 near $3,459 based on Elliott Wave pattern. If e break decisively pass $3,800 resistance, e go confirm Wave 3 and fit push rally go $4,800. If e no fit hold $3,500 support, e fit cause pullback go $3,200 or even lower support zones between $2,800 and $2,600.
Trading volume and price reaction for key levels go important to confirm bullish breakout. Short-term traders suppose dey watch $3,800–$4,000 resistance band, while long-term investors still dey focus for Ethereum support at $3,500. Overall, Ethereum support at $3,500 still be pivot point for the next big price move.
Bullish
Di analysis show how important Ethereum support dey for $3,500, level wey traders don defend to keep the bullish momentum. Historically, similar corrective Wave 2 phases near strong support don lead to strong Wave 3 rallies, like for early 2021 when ETH jump pass 400% after e recover support around $1,300. If ETH fit hold the $3,500 area and clear the $3,800 resistance, e fit trigger technical buying and new investors confidence, wey go push price go $4,800 target. Short term, traders fit take advantage of range-bound moves between $3,500 and $3,800, but if breakout serious, e go attract better volume and momentum plays. Long term, holding support dey strengthen the bullish trend and reduce the risk for deeper corrections to the $2,800–$2,600 area. So, traders fit take bullish stance, put stop-loss orders near support and target resistance levels as market confirm say trend go continue.