📉 Ethereum chart review 📈

$ETH attempted to break above the monthly 20-SMA for the second time in a single day but was ultimately rejected. It is likely to decline toward the middle of the range, which roughly aligns with the daily 20-SMA (crossover alarm is waiting). The nearest zone for a potential bullish bounce is around $2,600–$2,640.

Should ETH continue to drop toward the bottom of the range, the logical liquidity pool lies below $2,475 (this week's low). As usual, wicks may extend beyond the range boundaries to maximize pain.

On the 3-day chart candle closed bullish. The nearest breakout target zones remain unchanged at $3,065, $3,140, and $3,333.

🎯 Key Levels to Watch:

• Above: 2789 / 2861 / 2928 / 3064

• Below: 2680 / 2605 / 2527 / 2475

🔥 #Ethereum Liquidation Heatmap:

• Above: 2797 / 2826 / 2847 / 2896

• Below: 2728 / 2718 / 2688 / 2650