🚨 Ethereum at a Critical Level – Major Move Incoming!

Ethereum (ETH) is currently hovering around the $2,220 resistance level, a key point that could determine its next big move. The market is at a crossroads—will ETH break out or break down? Let’s analyze both scenarios.

🔻 Bearish Case: A 14% Drop Ahead?

ETH is currently trading within a Descending Channel, a bearish pattern that typically signals a breakdown. If ETH fails to break above $2,220, selling pressure could increase, pushing prices down toward $1,650—a potential 14% decline from current levels. Weak trading volume and strong resistance at this level further support the bearish outlook.

🚀 Bullish Outlook: A Rally to $4,500?

On the flip side, if Ethereum holds support and breaks above $2,220, it could trigger a strong bullish move. A successful breakout could open the doors for ETH to climb towards $2,300 → $2,900 → $4,500, potentially delivering 100% gains in the coming months.

Breakdown or Breakout? What’s Next for ETH?

Ethereum is at a decision point. A clear breakout above resistance could ignite a strong rally, while a rejection might lead to further downside. Traders should keep an eye on volume and price action in the coming days.