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🚨 BREAKING: Ethereum Bulls Facing Pressure at $3,700! 📉🔥 GrayWolf6 predicts $5,200
wait so is eth gonna moon to $5,200 or crash and burn at $3,100 🧐 what’s the move here, diamond
wait is Ethereum gonna 🚀 or 📉 next?? what’s the vibe from Luca and GrayWolf6 🧐
classic price action battle unfolding in the Ethereum market: bulls defending $3,700 support while facing resistance near $3,900; key levels to watch
Ethereum is testing its key support around $3,700, crucial for bulls. Momentum wanes near resistance, raising speculation on buyers’ next move. Luca notes ETH’s rejection near the golden pocket, prompting a retreat to the green accumulation range. This zone has been a strong reversal point, lining up with vital support levels for Ethereum’s future moves. Despite optimism, the market structure is at risk, prompting Luca to hedge positions for downside protection while waiting for a bullish reversal.
GrayWolf6 sees Ethereum within a $3,900-$3,100 range, touching mid-support at $3,600-$3,700. Stochastic RSI signals potential for a rebound, aiming for $5,200 if strength returns. However, downside risk looms near $3,100, prompting profit-taking on short positions and a watchful eye for signs of recovery. The strategy remains steady with risk management, hedging, and patient observation for the next move.
Ethereum Support Band Under Pressure – Can Bulls Reignite Momentum From $3,700?
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