🔥 ETH/USDT — Key Support at $2,500 Tested as Bearish Pressure Increases
Ethereum attempted to consolidate above $2,600, but the bears have not relinquished control.
Will we see a drop towards $2,440 or a bullish reaction from $2,525?
📊 Market Summary
🔹 Current Price: $2,554
📉 24h Range: $2,536 – $2,672
📊 24h Volume: Increasing due to technical tension
📉 100h SMA: ETH operates below
📈 Hourly RSI: ~44, showing slight recovery
💥 MACD: Negative, but approaching bullish crossover
📉 Key Supports
• $2,540 – $2,525 (Fibonacci zone and trendline)
• $2,500 (psychological pivot)
• $2,440 (recent low)
• $2,350 (last strong support)
📈 Resistances to Break
• $2,620 (intraday technical resistance)
• $2,660 (50% Fibonacci level)
• $2,720 (breakout target)
• $2,800 – $2,880 (target zone in case of rally)
🧭 Probable Scenarios
✅ Bullish Scenario:
Hold $2,525 with volume → Break $2,660 → Projection towards $2,800 – $2,880
⚠️ Bearish Scenario:
Loss of $2,525 → Drop to $2,500 → Possible extended drop to $2,440 or $2,350
📌 Estimated Consolidation Range: $2,440 – $2,660
💬 What do you think?
Accumulation in support zone or preference for confirmation of bullish breakout?
Comment below and let’s talk about technical strategies with the community. 👇
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