$ETH is back in the game, but 2800 is the line in the sand. On the 3-day chart, $ETH broke down from the 2800 to 4090 range in February, bottomed at 1384, and has since reclaimed the range. The key shift was the move back above 2800, flipping it from resistance to support. We are now trading within the 2800 to 4090 range. As long as price holds above 2800, the structure favors the upside. First target is 3440. If price breaks cleanly above that, the next major level is the range high at 4092. If ETH loses 2800 again, the bullish structure breaks. In that case, the next downside target is 2550, with 2300 and 2150 below as deeper support levels. The plan is simple: stay bullish above 2800, watch for 3440, and reassess if 2800 fails.
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