#Ethereum Faces Sharp Pullback After Brushing $1,835 – Pattern Mirrors Broader Market Behavior
$ETH surged to a high of $1,835.68 earlier today, showing strong bullish momentum throughout the morning session. However, within a matter of minutes, the entire structure unraveled. A sequence of heavy red candles dragged ETH down to $1,781 — wiping out over 50 dollars in value and rattling short-term traders once again.
This rapid drop comes right after a steady and convincing recovery from the $1,750 zone, where bulls looked to have reclaimed control. Just as it began breaking above $1,820, the momentum suddenly reversed, painting a textbook bull trap. For traders riding the breakout, the sudden drop was not only unexpected but brutal.
The timing of the dump, closely mirroring what we’ve seen on Bitcoin and SOL today, suggests synchronized movement — either driven by macro sentiment or potential manipulation. Altcoins have been highly sensitive to BTC’s moves lately, and ETH’s failure to sustain gains despite strong volume echoes that same vulnerability.
Until Ethereum stabilizes above $1,800 with sustained buying interest, any attempt at recovery might remain shaky. Support near $1,750 remains crucial. If that breaks, a deeper correction could unfold — making it critical for traders to manage risk tightly and stay cautious during these highly volatile swings.
Trade here on $ETH