🔻 $ETH /USD BREAKS MAJOR SUPPORT — BEARS IN CONTROL! 🔻
Ethereum just broke down from a clear horizontal range around the $2,800 zone, triggering a steep sell-off all the way to sub-$2,530 levels. The breakdown from the boxed consolidation zone confirms distribution followed by aggressive selling.
🧠 Classic pattern: Range → Breakdown → Retest → Lower low.
📉 Market Snapshot:
• Current Price: $2,532.87 (–1.81%)
• Previous Support Zone: $2,770–$2,800
• Next Key Support: $2,450
• Bearish Trigger: Confirmed rejection after breakdown
If ETH fails to reclaim the $2,700 range, we could see continued weakness. Watch for volume surges or divergence signals for possible bounce plays.
