🚀 $ETH ETHEREUM Rejected Again — What’s Blocking the Bull Run?
Ethereum is facing headwinds. After a failed breakout attempt above $2,520, ETH has turned bearish, sliding back to retest $2,320 support. Price action remains weak, with ETH now trading below $2,500 and the 100-hour SMA, and a bearish trendline forming solid resistance around $2,540 on the hourly chart.
Despite bulls defending the 61.8% Fib retracement zone, momentum is fading. The MACD is deep in red, and RSI is below 50, confirming the struggle. Resistance looms near $2,460, with a bigger wall at $2,500, and a critical rejection zone between $2,550–$2,580. A clean break above this could trigger a move toward $2,700 or even $2,780 in coming sessions.
But if ETH can’t reclaim $2,500, another drop may be imminent. Initial support is at $2,400, with a crucial floor around $2,350. If sellers push below $2,320, we could see a slide to $2,220 or worse — $2,120, where stronger hands may step in.
ETH is on thin ice. Bulls need to flip resistance fast, or bears could take full control.
$ETH
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