- Smart money accumulates ETH in the reload zone, signaling potential upward movement.
- Ethereum’s $2K support holds strong, but a breakdown could trigger further declines.
- Bearish sentiment grows, increasing the chance of a short squeeze and price reversal.
Ethereum—ETH, just dropped into the Reload Zone (RLZ)— where smart money looks to buy. This price range has always attracted smart money, the capital that moves before the crowd. The latest dip brought Ethereum back to $2K support, a key level since December 2023. Buyers and sellers are battling for control, and the outcome could decide the next major trend.
#Ethereum IS NOT DEAD! 🚀
Technically speaking, #ETH is far from being dead:
✅ Still progressing within a broadening wedge.
✅ Just revisited the RELOAD ZONE (RLZ), the prime area where professionals look to long or buy back.
This is where smart money steps in. 📊 pic.twitter.com/rObH8sDyHn— Titan of Crypto (@Washigorira) March 6, 2025
Ethereum at a Turning Point
A deep pullback pushed Ethereum toward the $2K range, an area that has held firm for months. Strong demand at this level has stopped further declines in the past. A bounce from this zone could fuel a short-term recovery toward $2.5K resistance. A breakdown, however, might trigger another wave of selling. The current market structure is bearish, with lower highs and lower lows signaling seller dominance. Increased volatility near $2K has wiped out leveraged positions, adding to market uncertainty. Despite this, bullish divergence on the Relative Strength Index suggests growing buying pressure. When this signal appears, sharp rebounds often follow.
Short-term Uncertainty, Long-term Potential
Funding rates, a key futures market indicator, have been dropping since Ethereum peaked at $4K. A rise in short positions signals bearish sentiment, but extreme negativity often leads to a short squeeze. If Ethereum pushes higher, short sellers might be liquidated, causing a rapid price spike.
Ethereum’s movement over the next few days will shape the short-term trend. Holding above $2K support could fuel a move toward $2.5K and $3K resistance. A drop below this level, however, may open the door to lower prices.
Smart money has already started accumulating. The Reload Zone has historically marked areas where professionals enter before major price swings. Patience, not panic, often leads to the biggest opportunities.
