Ethereum has returned to a price level that previously triggered a 10% rally, attracting interest from traders and analysts.
Support Testing
Ethereum (ETH) is back at a familiar price level — the same line that triggered a 10% rally previously. After a recent pullback, ETH has found itself retesting this zone, sparking renewed interest from traders and analysts who are closely watching what happens next.
Price Crisis and Bullish Trend
Even if ETH continues to dip, market structure remains optimistic. Analysts note that Ethereum could fall as low as $3,400 and still hold its overall bullish trend. This level is seen as a crucial support area that doesn’t compromise the longer-term uptrend.
What Traders Are Watching
For now, traders are monitoring volume, sentiment, and any signs of a reversal around this level. A decisive hold above $3,400 would strengthen bullish conviction, while a drop below could indicate a shift in market structure. With Ethereum’s ecosystem continuing to develop and institutional interest staying strong, this current price action is seen more as a healthy correction than a trend reversal.
Thus, the current price movements of Ethereum may create new opportunities for traders to find optimal entry points and assess potential sustainable trends.
