#ETH


🔥 On July 20th, ETH made a strong breakthrough past the $3745 mark, seemingly set to open a new round of upward momentum, but suddenly lost steam — the price failed to stabilize and quickly fell back, pouring cold water on the market.
But don't rush, this doesn't necessarily mean that the market has come to an end; rather, it is the beginning of another "opportunity game"!
📉 Is a pullback imminent? Two key supports cannot be ignored.
If ETH falls below $3745, it indicates strong selling pressure at high levels. In the short term, the price may retrace:
📍First support level: $3491 (Fibonacci 38.2%)
📍Second support level: $3378 (Fibonacci 50%)
If ETH can strongly rebound from this support zone, bulls are expected to regroup and challenge the next target - 4094 USD.
⚠️ What to do if these support levels are lost?
If ETH continues to weaken and falls below $3378, it will be a warning signal that cannot be ignored. At that time, the price is likely to test the 20-day moving average of $3246, and the bullish counterattack pace will also be forced to slow down.
ETH8.28%
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