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🚨 $ETH Market Update
Ethereum has pulled back nearly 6% after facing strong rejection at both a key resistance level and the 50-day moving average.
For now, I'm watching two major support zones.
🟢 $1,670 the first area buyers need to defend.
🟢 $1,500 the stronger macro support if selling pressure increases.
The market is sitting at a critical point.
It's not showing a confirmed breakdown.
But it's not showing convincing bullish strength either.
For bulls to regain momentum, $ETH must reclaim the 50-day MA and break above the $1,850 resistance. If that happens, the path toward the $2,400 region becomes much more realistic.
Until then, patience is key.
The next few trading sessions will likely decide whether this is simply a healthy pullback… or the beginning of a larger correction.
What's your next target for $ETH ? 👇📈
#ETH #Ethereum #BitcoinTradesLower #BTCExchangeSupplyFallsTo9YearLow