Time for Ethereum to Rebound from Key Support

📉 Time for Ethereum to Rebound from Key Support! 🔑📈
Ethereum’s recent dip to $3,058 has brought us to a pivotal moment. This level, previously the BIG breakout zone from November 2024, is proving its strength as a support once again. Could this mark the start of a fresh upward move?

📊 Key Levels to Watch:

Support Tested: $3,058 is holding strong, reinforcing its significance.
Upside Targets: $3,227 and $3,710 are the next levels Ethereum bulls should have on their radar.
Downside Risk: A failure to hold support could see ETH drop to $2,547.
💡 Market Context:

Inflation data this week could drive volatility:
PPI Report (January 14th) and CPI Report (January 15th) are crucial for understanding inflation trends.
Expected monthly inflation: 0.2% (down from 0.3%).
Annual inflation: Likely stable around 2.9%.
🔍 With Bitcoin showing early signs of recovery, Ethereum could follow suit and aim for higher levels if bullish momentum builds. While the year has started with uncertainty, the technical picture suggests potential opportunities ahead.

Stay sharp and keep an eye on these levels as we monitor how macroeconomic data impacts the crypto market.

What’s your strategy for ETH this week? Share your thoughts below!

One Love,
The FXPROFESSOR 💙

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