$ETH Ethereum Holds Key Support Amid Market Turmoil – What’s Next?**
Ethereum ($ETH) is navigating a volatile market as geopolitical tensions and technical patterns shape its short-term trajectory. Here’s a breakdown of the latest developments and critical levels to watch:
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**Price Action & Key Levels**
- **Current Price**: ETH is trading at **$2,536**, down **7%** after Israel’s strikes on Iran triggered a risk-off sell-off .
- **Support Zones**:
- **$2,480–$2,530**: Short-term support, tested during the recent drop. A break below could target **$2,400** .
- **$2,745–$2,755**: Critical mid-term support (Ichimoku Cloud + Fibonacci 0.618 level). Holding this zone could reignite bullish momentum .
- **Resistance**:
- **$2,800–$2,920**: Immediate hurdles. A breakout above $2,800 may signal a push toward **$3,065** .