$ETH Support Slammed! More Blood or Bounce Ahead?
Ethereum just plunged below key support at $2,520, signaling intense bearish pressure. If buyers don’t step in fast, ETH could revisit deeper levels. The next candle is critical!
Key Levels to Watch
Resistance: $2,530 – $2,550 – Climbing back above this zone could see ETH aiming for:
TP1: $2,560
TP2: $2,570
Support: $2,500 – Losing this could drag ETH down toward:
TP1: $2,485
TP2: $2,460
Trade Setup – Extreme Volatility Alert
Bullish Entry: Recovery and hold above $2,530
Bearish Entry: Breakdown continuation below $2,500
Stop-Loss: Set tight SLs; the dump was strong and volume is heating up (12.6K).
Volume Surge: Bearish volume spiked – likely institutional or whale-driven. Expect choppy moves next.