Don’t be too quick to short $ETH



After a strong correction, Ethereum is sitting in a key long-term support zone. We might still see a small shakeout, but this area looks like it could become the foundation for the next major move higher.

I’m keeping an eye on the $2,800–$3,200 range as the first recovery target. If buying momentum keeps building, the upside could extend well beyond that.

What’s your view?
Does the next ETH bull run start from here, or do we get one final dip before the real breakout?

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ETH2.59%
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SucculentCross-Section
· 15h ago
Brother, your analysis makes sense. At the daily timeframe, there are indeed signs of bullish divergence, and this area has been tested multiple times earlier as strong support. As long as it doesn’t break the prior low, this is a good opportunity to build positions in batches. That said, I’m more conservative—I’ll wait until a big-volume bullish candle confirms before entering, so I don’t get wicked out by another fake breakdown. Do you think in the short term it might fake another dip and break down?
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LightningCoffee
· 17h ago
Shorting from this position is indeed risky; I choose to wait and see.
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L2Archaeologist
· 17h ago
This support zone looks pretty solid, but we still need to see how the overall market behaves. If Bitcoin can hold steady, there shouldn’t be much of an issue with Ethereum rebounding to above 3,000.
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