🧠 $ETH /USDT
Major support snapped — Ethereum plunges toward danger zone!
📉 Current Price: $2,277.48 (-5.76%)
📊 1H Chart Breakdown:
Ethereum just broke through the key $2,300 zone, triggering panic sell pressure. A massive red candle formed as ETH plunged to $2,216 — its lowest in 24 hours. All moving averages are stacked bearishly, reflecting a deepening downtrend.
📊 Moving Averages:
• MA20: $2,400.18
• MA50: $2,451.54
• MA99: $2,483.05
ETH is decisively below all major short-term MAs — sellers have clear control.
🔄 Market Behavior:
The sharp drop below $2,300 triggered high-volume capitulation. A short-term bounce attempted from $2,216, but it’s facing selling pressure immediately — showing weak demand absorption.
🔥 Momentum Snapshot:
• Massive volume spike during breakdown
• MACD likely flashing increasing bearish divergence
• Price action remains heavy near lower bounds
🧱 Key Levels:
• Resistance: $2,300 → $2,353 → $2,400
• Support: $2,216 → $2,150 → $2,050
📌 Recommendations:
🔻 If $2,216 breaks again, ETH could spiral down toward $2,150 next, and possibly even $2,050 if broader sentiment weakens.
🚀 If bulls reclaim $2,300+, ETH could initiate a recovery wave targeting $2,353 (prior floor) and $2,400 (MA cluster) as a test zone.
🔁 Consolidation Scenario:
If ETH holds between $2,216–$2,300, expect sideways chop as traders await macro signals or BTC’s next move to decide direction.
⚠️ DYOR — Ethereum just breached a major demand zone. Volatility is rising fast. Don’t blindly long dips — structure your trades around key levels and tight stops.
Is $2,200 the final stand for ETH — or just the beginning of more downside? ⚔️ Let’s discuss in the comments!