Ethereum Price Analysis: Will ETH Pull Back to $2.8K Before Next Leg Up?
2025-07-13 13:38:00
Main Idea
Ethereum is currently in a critical consolidation range between $2.8K and $3.3K, with potential for a bullish rally if it breaks key resistance levels.
Key Points
1. Ethereum has seen increased buying pressure, breaking into a bullish market structure on the daily timeframe.
2. The $2.8K to $3.3K range is critical; a break above $3.3K could target the $4K psychological threshold.
3. The $2.8K zone, previously strong resistance, now acts as a support level with Fibonacci retracement confluence.
4. A significant liquidation cluster below $2.8K suggests a potential pullback before a rally toward $3.3K.
5. Another liquidity pool above $3K indicates possible upward movement after a pullback.
Description
While the bullish trend remains intact, Ethereum is entering a key consolidation range. A successful retest of $2.8K could ignite the next wave toward $3.3K and beyond. Technical Analysis By ShayanMarkets The Daily Chart ETH has recently seen a notable influx of buying pressure, breaking above the key $2.8K resistance, which had acted as a persistent barrier in recent months. This breakout has led to the formation of a higher high, signaling a shift toward a bullish market structure on the daily...
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