🔥 Ethereum at a Critical Crossroad — Breakdown Ahead?
Ethereum faces pressure after failing to breach $2,680, now trading below $2,550 and the 100-hour SMA. The recent break below the $2,540 trendline support signals weakness.
🔻 Key Highlights:
ETH dropped below $2,620 and $2,600.
Consolidating around $2,500–$2,455.
Resistance at $2,540, $2,565 (50% Fib), and $2,620.
A clear move above $2,620 could spark a rally toward $2,680 and even $2,800+. But failure to reclaim $2,540 may drag ETH toward $2,450 or lower — with $2,320 and $2,240 as next key supports.
📉 Technical Snapshot:
MACD: Losing bearish momentum.
RSI: Below 50.
Support: $2,450 → $2,320 → $2,240
Resistance: $2,540 → $2,565 → $2,620
Stay sharp — ETH volatility is heating up.