โ ๏ธ ๐๐ง๐ ๐๐๐๐๐ฆ ๐ง๐ข ๐๐ข๐๐ ๐๐๐๐ก๐ฆ โ ๐ง๐ฅ๐๐๐๐ฅ๐ฆ ๐ช๐๐ง๐๐ $๐ฎ,๐ฑ๐ฌ๐ฌ ๐๐๐ก๐ ๐๐ข๐ฅ ๐ก๐๐ซ๐ง ๐ ๐ข๐ฉ๐
Ethereum (ETH) is under pressure again, and traders are now eyeing the $2,500 zone as the next big decision point.
๐ป Whatโs Happening?
ETH recently failed to break above the $2,680 resistance level โ a critical zone that bulls couldnโt conquer. That rejection triggered a fresh drop, and Ethereum has now:
Broken below $2,620 and $2,600
Lost the support trendline near $2,540
Dropped under the 100-hour SMA, signaling short-term weakness
Found temporary support near $2,455
Right now, ETH is trading below $2,550, consolidating, and showing signs of uncertainty.
๐ Bearish Signs to Watch
Price is stuck below the short-term trend line
MACD is losing strength in the bearish zone
RSI is below 50, meaning sellers are stronger than buyers
If ETH breaks below $2,450, the next targets are $2,320 โ $2,240 โ $2,150
This scenario would confirm more downside and possibly turn into a mini-crash, especially if Bitcoin also weakens.
๐ ๏ธ Is There Still Hope for Bulls?
Yes โ but only if ETH bounces from $2,500 or higher. For a short-term recovery:
ETH must reclaim $2,540, then
Break $2,565 (50% Fibonacci level), and finally
Push above $2,620 to confirm strength
If all that happens, the next targets are $2,680 โ $2,800 โ $2,880
๐ What Should Traders Do?
โ Watch the $2,500 support closely
โ ๏ธ A break below $2,450 = bearish continuation
โ A move above $2,620 = possible bullish reversal
๐ซ Donโt rush longs until the structure shows real strength