Ethereum: Rebound from here or Drop to $881?Hey everyone! Let’s explore what’s happening on Ethereum’s monthly chart. Right now, there seem to be two main possibilities to keep in mind. The first and more likely scenario involves a dip toward the lower price zones—around 881.56—and then testing important supports near 579.41 and 756.03. Observations suggest that if the price heads down to these areas, there could be a bounce, though a deeper move is possible (even if it seems less likely). On the flip side, if the price climbs from its current level toward its previous peak, we’d want to revisit this analysis for updates.
Key price zones are highlighted on the chart, showing where a lot of buying or selling could happen. A change in trend would typically be confirmed by a clear candlestick pattern and solid trading volume, so those are worth watching. As with any market, unexpected moves can always occur, so it’s good to stay prepared and flexible.
Remember, these are just observations based on the monthly chart, and personal research is always important. Stay curious, stay safe, and never hesitate to dig deeper into your own analysis before making any decisions. Good luck out there! 💼📈
