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💥💫✨️ A few weeks ago, $ETH was sitting at 1,505. Everyone was calling it dead, writing off Ethereum as a relic of the past bull run while bears took full control of the narrative. Now it's pushing 1,800 and people are getting excited again, rushing back into positions fueled by sudden FOMO. But here's the thing nobody's talking about: this rally is quickly approaching a massive, structural brick wall.
That zone between 1,890 and 1,917? That's where February support lived before it was lost. For weeks, buyers defended that exact pocket desperately, making it a heavy area of historical liquidity. Now that we are approaching it from underneath, that old floor has flipped into a brutal ceiling of overhead resistance.
Reclaiming it changes the entire structure, transforming a simple relief rally into a legitimate macro trend shift. If the bulls can break through and hold above 1,917, it clears the path for a much larger run. However, failing there puts us right back to square one.
A harsh rejection at that zone likely sparks a swift cascading selloff, trapping late buyers and sending price crashing back down to retest those summer lows. Keep your eyes on the level.
#MyGateTradeStory
$ETH