$ETH /USDT: BEARS BITE BACK – RETESTING CRITICAL ZONE! 🩸⚠️
Price Action: $2,470.54 (-6.41%) – Sharp drop after rejection near $2,680
EMA Snapshot:
EMA(7): $2,532.25 → Now turned resistance
EMA(25): $2,358.69 → Acting as temporary support
EMA(99): $2,551.79 → Losing this weakens long-term structure
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🔍 KEY LEVELS TO WATCH
Resistance: $2,532 (EMA7) → Recovery above it = bullish reversal signal
Support: $2,453.80 (24h low) → Breakdown opens door to $2,307 (next demand zone)
Major Support: $2,358.69 (EMA25) → A must-hold for bulls
📉 TRADE IDEAS
1️⃣ Bearish Play (Continuation):
Entry: $2,475–$2,495 (near current zone)
Stop: $2,535
Target: $2,358 → $2,307 → $2,200
2️⃣ Bullish Reclaim Play:
Entry: $2,535+ (confirmed EMA reclaim)
Stop: $2,470
Target: $2,640 → $2,720
💡 MARKET CONTEXT
ETH underperforming BTC – Signs of weakness in L1 sector
"When ETH hesitates, alts tremble." 🫨
⚠️ ALERT:
ETH is battling below EMA99 – the longer it stays under, the more vulnerable it becomes
Volume at $2.04B – strong hands watching for reclaim or breakdown
🔭 What’s Next?
Watch for bounce at EMA25 – failure confirms trend reversal.
BTC correlation high – if BTC drops further, ETH may spiral to $2,200.
