Ethereum (ETH) is facing a critical point in its price movement. A 19% drop in three days has shaken the market, but a small 5% rebound on Thursday provided some temporary relief. The Wyckoff Check, which is a retest of a key level after a breakout, is now in focus. If Ethereum can hold above $2,375, it could fuel a rally, but if it fails, more losses may occur. Bears are currently dictating the price action and a failure to climb above $2,450 could extend the downturn. Technical indicators show weak momentum and lack of confidence from buyers, which could lead to further selling. However, recent exchange inflows suggest cautious optimism, as some investors see potential for a rebound. The next few days will be crucial in determining whether Ethereum can break out and move higher or if prices will continue to decline.



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