Nov 22, 2025
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Ethereum Faces Resistance at $2,800 Amid Golden Pocket Test
Ethereum is at a critical juncture, testing the golden pocket between $2,600 and $2,800. Resistance is at $2,800, with the market facing a pivotal moment to either move towards $3,000 or fall below key support.
Golden Pocket Breakdown Analysis
- Analyst Luca notes that Ethereum's breakdown below high-timeframe support (0.5 to 0.618 Fibonacci) suggests continued downside pressure.
- The price has bounced off a major low-timeframe support, indicating potential for reversal.
- Luca emphasizes waiting for additional strength signs before committing to a long position.
- A break below the established range could signal a structural decline, negating corrective Wave 2 theories.
$2,600 Tested: Buyers Defend Lows
- Analyst Ted Pillows reports significant volatility near $2,600, with Ethereum attempting to reclaim $2,800 amid seller resistance.
- Reclaiming $2,800 could propel ETH towards the $3,000 mark.
- Failure to hold $2,800 may lead to a drop below $2,500, requiring a deeper support test for recovery attempts.
