Here’s Why Ethereum Analysts Say ETH Price is Ready for ‘Trend Switch’

Summary

Ether (ETH) dropped over 8% from Monday’s highs, falling below $4,000 and triggering over $114 million in long ETH liquidations. Broader crypto markets saw liquidations exceeding $650 million. Despite the sell-off, significant buy orders between $3,670 and $3,800 suggest strong support at these levels. Analysts believe ETH is undergoing a technical correction, retesting support before potentially resuming its uptrend. The ETH/BTC pair has held a key buying zone, but must break above 0.041 to confirm further gains. Technical indicators, including a breakout in the RSI and a weekly bull flag pattern, point to a possible continuation of the rally, with upside targets between $8,000 and $10,300 if resistance is overcome. Immediate support is at $3,870–$3,800; a daily close below this risks further declines to $3,700 or $3,500. Traders remain cautiously optimistic as long as these support levels hold.

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