Ethereum 20% Crash: Temporary Setback or a Buy Opportunity?

2月3日

Hello, Traders!

Ethereum experienced a significant drop, plunging over 20% in just one day and hitting its lowest point since last August.
ETH price found strong support at $2130 and I don’t expect further downfall beyond this level unless broader market conditions deteriorate.

One of the key technical developments was Ethereum breaking the crucial $2800 support zone, which is a bearish signal for the continuation of the uptrend.
However, a quick recovery above this level could reignite bullish momentum and bring buyers back into the market. W
atching how ETH reacts to this resistance will be crucial in the coming days.

The main catalyst for this sell-off was Trump’s decision to impose tariffs on Canada, Mexico, and China, which triggered a broader risk-off sentiment in global markets.
The crypto space, being highly sensitive to macroeconomic events, saw a sharp reaction, with Ethereum and other major altcoins suffering deep corrections.

Despite the current bearish outlook, there is one major reason why Ethereum is likely to recover quickly — the upcoming Pectra upgrade, set to take place next month.
Historically, ETH has seen strong rallies leading up to major network upgrades, and I expect a similar pattern to unfold this time.
If the market stabilizes and sentiment shifts, Ethereum could reclaim lost ground and resume its long-term bullish trajectory.

For now, the key levels to watch are $2130 as support and $2800 as resistance.
A break above $2800 could signal a strong reversal, while failure to hold $2130 might open the door for deeper corrections

Please don’t forget to boost this idea and leave your comments below.

2月10日

註釋

Ethereum closed a weekly candle above $2,600, which isn't that bad.
Currently, ETH price has more or less stabilized, and hopefully, this week, it closes above $3000, confirming further bullish momentum.

As for the moment, the main resistance lies at $2800–$3000, and ETH needs to break through it as soon as possible to resume its uptrend.
A successful breakout with strong volume could pave the way for a rally toward $3200–$3500 in the coming weeks.

Otherwise, if buyers fail to sustain momentum and ETH faces rejection at this resistance zone, we might see another drop to the $2100 level, where the next strong support is located.
A dip below this key level could trigger further bearish pressure, potentially leading to a retest of $1900–$2000 before any recovery attempt.

Overall, Ethereum’s price action remains at a critical juncture.

3 天前

註釋

Ethereum's price is struggling to break through the $2800 resistance level, facing repeated rejections.
Recently, we witnessed yet another attempt to push above $2800, but the price failed to sustain momentum, leading to a pullback.

Currently, ETH is holding above the crucial support level at $2500, which remains a key zone for bullish continuation.
If the price secures another weekly close above this area, it could indicate growing strength and a potential shift in momentum toward the upside.

The primary target remains the same $2800-$3000 zone.
A decisive breakout above this resistance could trigger a fresh wave of buying pressure, potentially fueling a rally toward $4000.