🚨 $ETH /USDT – IS BLEEDING FAST❗Is $2,200 the Last Line of Defense❓Ethereum is bleeding fast ❗now trading at $2,260.39, down -6.89% in 24H.. The market just flipped risk-off, and sellers are dominating. 💥🚩Let’s break it down:
📉 Chart Breakdown (4H View):
🔻 Rejection Zone: ETH hit $2,680 earlier this week but couldn’t hold. Since then, it’s been printing lower highs & lower lows — textbook bearish trend.
🔻 Support Breaks: Key levels $2,601 → $2,397 → $2,294 all smashed. ETH is now clinging near its 24H low of $2,216.
🔻 Bear Momentum: Recent candles show heavy red pressure with little buyer fightback. No wick = no mercy. 💢
🔻 Volume Spike: $1.44B in USDT traded = bears mean business. This is not a slow drip — it's a flush.
🧭 What’s Next? Key Zones to Watch:
⚠️ Support:
$2,216 → last 24H low
$2,192 → final defense line
📈 Resistance (if bounce):
- $2,294
- $2,397
- $2,499
🟢 A reversal needs:
- Strong buying candle
- Higher low formation
- Break back above $2,294+
Buy and Trade $ETH