$ETH SHARP DUMP TO $2,600 RANGE – BOUNCE OR JUST A DEAD CAT?
$ETH/USDT is trading at $2,619.59, slightly up +0.38%, but price action is shaky. After a steep decline from the $2,645–$2,655 range, ETH touched a fresh intraday low near $2,600 and is now trying to bounce—but volume remains weak.
Key Levels:
• Resistance: $2,635 – $2,645
• Support: $2,600 – $2,585
Trade Setup:
Bearish Scenario
Entry: Breakdown below $2,600
Targets:
• TP1: $2,575
• TP2: $2,540
Bullish Scenario
Entry: Break above $2,645
Targets:
• TP1: $2,665
• TP2: $2,690
Stop-Loss:
• Long: Below $2,600
• Short: Above $2,645
$ETH just saw a major intraday flush—unless bulls push back above $2,645 quickly, downside continuation remains likely. This bounce could be short-lived if volume doesn’t follow through.