Ethereum Dual Chart Recovery: ETH And ETH/BTC Signal Strength Despite Bearish Close 🔄
According to CRYPTOWZRD, Ethereum and ETH/BTC ended the session on a bearish note but quickly recovered, indicating buyer confidence. A move above $4,000 is seen as crucial for Ethereum's momentum.
Despite following Bitcoin's bearish close, Ethereum maintained strength compared to other cryptocurrencies, reflecting its dominance in the altcoin market.
CRYPTOWZRD noted that ETH/BTC has reached a key support zone, and its behavior there will determine a potential rebound. Recovery above $4,170 is possible if support holds, with a move past $4,000 signaling renewed bullish momentum.
The analyst stresses Bitcoin's influence on the market but remains open to both bullish and bearish scenarios, monitoring lower time frame charts for opportunities.
Despite recent volatility and a significant liquidation event, reclaiming $4,000 could return Ethereum to positive territory. A retest of $4,260 resistance is a short-term focus, with potential for further upside or downward pressure.
CRYPTOWZRD remains cautious, especially over the weekend's unpredictable trading behavior, and will watch for clear trading setups before making moves.
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