Ethereum is testing a critical juncture as the golden pocket between $2,600 
and $2,800 comes into play. With resistance looming at $2,800, the market now 
faces a pivotal moment. Can ETH reclaim this level and spark a move toward 
$3,000, or will sellers push it back below key support? Golden Pocket 
Breakdown Validates Ethereum&#8217;s Downside Target In an Ethereum update, analyst 
Luca has offered a detailed analysis of the leading altcoin, reflecting on the 
expert’s previous predictions. As he covered all his PAT updates and his 
latest YouTube video, once Ethereum broke down below the high-timeframe 
support range, specifically the golden pocket between the 0.5 and 0.618 
Fibonacci POIs, the most likely outcome was a continuation of the downside 
pressure. Related Reading: Ethereum Is Sitting On Its Most Critical On-Chain 
Support Level — A Rally Emerging? Luca explained that this expected 
continuation was targeting the next major support, the high-timeframe support 
range marked in purple. That exact scenario just played out, with the price 
now confirming the bounce on the low-timeframes, performing precisely as 
anticipated. From this validated support, Luca believes the most likely 
outcome is a reversal back to the upside. However, he stressed the need for 
confirmation before fully committing to the long side: &#8220;Before I start scaling 
out of my hedges, I want to see additional signs of strength and a clear 
bottoming formation to confirm that this level is holding,&#8221; Luca stated. The 
analyst concluded with a warning: if the price were to break below this 
established range, it would entirely invalidate the idea that the move is a 
simple corrective Wave 2 on the high-timeframes. Instead, the breakdown would 
signal a durable structural decline, which Luca intends to &#8220;avoid getting 
caught in.&#8221; $2,600 Tested: Buyers Rush To Defend Lows After examining current 
price action, crypto analyst Ted Pillows highlighted that ETH experienced 
significant volatility yesterday, nearly touching the $2,600 level before 
finding a temporary floor. Following that test, Ethereum is currently 
attempting to reclaim the $2,800 level, but is facing noticeable resistance 
from sellers at that mark. Related Reading: Ethereum Approaches Critical 
Resistance — Bullish Breakout Or Trap In The Making? The analyst provided a 
clear path for a continued recovery. Should Ethereum decisively reclaim and 
hold the $2,800 level, it would signal sufficient bullish strength, propelling 
ETH toward the next significant psychological and technical target at the 
$3,000 level. Conversely, Ted warns that if this essential $2,800 level is not 
reclaimed, the market is likely to reverse lower. As a result, traders should 
expect a sweep below the $2,500 level, indicating a need to test deeper 
support before the asset can attempt another structural recovery. Featured 
image from iStock, chart from Tradingview.com

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