Ethereum on the Edge — Is a Drop to $2,350 Coming? ⚠️

Ethereum’s recent rally was short-lived. After surging to a monthly high on Tuesday, ETH has reversed sharply — and the bears are back in control.

The climb to $2,700 gave bulls hope. But the momentum didn’t last.

According to crypto analyst Gianni Pichichero, Ethereum’s price action this week paints a worrying picture. Here’s the breakdown:

Monday: The Bull Trap

• ETH surged to $2,700 — a level not seen in over a month.

• Big players entered the market, betting on a breakout.

Wednesday: Momentum Fades

• Ethereum slid into consolidation, closing the day near its weekly open.

• That red close? A subtle sign the bullish run was weakening.

Thursday: Breakdown Begins

• ETH challenged Wednesday’s lows and closed red again.

• Gianni calls this the confirmation candle — signaling trend exhaustion.

“Lower lows across two days may trigger a deeper collapse,” he warns.

A return to $2,350–$2,400 is now firmly on the table.

What’s Next?

Gianni advises caution:

“Don’t chase. Wait for short setups. Look for triple tops, double tops, or reversal signs near key resistance.”

This isn’t about panic. It’s about positioning.

Smart traders will sell into strength — not react to fear.

ETH Outlook:

• Key support: $2,350

• Resistance zone: $2,600–$2,700

• Sentiment: Turning bearish

• Strategy: Sell highs, avoid chasing bounces

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