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Ethereum Holds Key Range Support After Pullback – Bulls Eye $3,000 Level

  • Ethereum faced a sharp pullback, dropping over 10% in the last 24 hours amidst global tensions and macroeconomic uncertainty.
  • Analysts suggest that Ethereum is holding range support well and could potentially break out towards higher levels if it regains momentum within the range.
  • Despite market volatility, Ethereum has shown resilience by defending key support levels and holding just above the 34-day EMA at $2,422.
  • Traders are closely monitoring how Ethereum behaves around current support levels to determine if a deeper correction or a bullish reversal is likely in play.

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