- Smart Money accumulates ETH in the reload zone, signaling potential upward movements.
- Ethereum’s 2K support will be strong, but it could reduce failures even further.
- Bearish emotions will increase, and the chances of shorter slashes and price reversals will increase.
Ethereum — ETE, just fell into the reload zone (RLZ) – it looks like Smart Money is going to buy. This price range has always attracted clever money, the capital that moves in front of crowds. With the latest DIP, Ethereum has returned to its $2,000 support, the first key level since December 2023. Buyers and sellers are fighting for control, and the outcome may determine the following key trends:
#ethereum is not dead! 🚀
Technically speaking, #eth is far from dead:
Rewarding is still progressing within the widening wedge.
I revisited the Reload Zone (RLZ), a major area where professionals look long and buy back.
This is where smart money interveneMarch 6th,
Ethereum at the Turning Point
The deep pullback pushed Ethereum into the $2K range. Strong demand at this level has stopped declining further in the past. Bounces from this zone could drive a short-term recovery towards $2.5,000 resistance. However, failures can cause another wave of sales. The current market structure is bearish, with control of signaling sellers at high and low prices. Increased volatility at nearly $2K has wiped out leverage positions and increased market uncertainty. Nevertheless, bullish divergence on the relative strength index suggests an increase in purchasing pressure. When this signal appears, sharp rebounds often follow.
Short-term uncertainty, long-term possibilities
Funding rates, a key futures market indicator, have been declining since Ethereum peaked at $4K. The rise in short positions is emotional, but extreme negativity often leads to shorter apertures. If Ethereum pushes higher, it could liquidate short sellers and cause a rapid price spike.
Ethereum’s movement over the next few days will shape short-term trends. Holding support above $2K can drive movement towards $2.5K and $3K resistance. However, if you fall below this level, the door to lower prices may be opened.
Smart money has already begun to accumulate. The reload zone has historically marked areas where experts enter before the main prices sway. Patience, not panic, often leads to the greatest opportunity.
