🛡️ Why $2,216 Might Become the New Support
Break of $2,367: A confirmed downside breach of this level suggests bearish momentum is intensifying and that sellers are in control.
New Demand Zone: The $2,216 level aligns with a previous pivot or accumulation area. It may act as the next significant support if buyers step in.
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📉 Bearish Scenario: What If It Breaks $2,216?
A clean drop below $2,216 would likely expose ETH to deeper lows—$2,150 (connected to the 100‑day MA) and possibly $2,100–$2,050.
Momentum indicators (like those on Bitget) are signaling a bearish tilt across most moving averages.
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📈 Bullish Bounce: What If It Holds?
A rebound from $2,216 could trigger a recovery rally toward $2,300–$2,400, with the primary resistance to watch near $2,367–$2,400.
Should volume support this move, ETH may even reclaim the $2,500–$2,600 range marked in recent weeks.
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🔍 Quick Scenario Table
Scenario Trigger Target Zone
Bearish Breakdown Closes below $2,216 $2,150 → $2,100–$2,050
Sideways/Wait Ranges $2,216–$2,367 Consolidation
Bullish Bounce Holds $2,216 + increasing volume $2,300 → $2,400 → $2,500+
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🔎 What to Monitor Next
1. Candlestick and volume behavior around $2,216—strong rejection with volume = bullish; a breakdown = bearish.
2. Short-term averages like 10–50 EMA—any crossover or bounce might affect immediate sentiment.
3. Macro catalysts—overall crypto market trends, BTC moves, any big news that could shift investor sentiment.
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✅ Summary
ETH’s drop below $2,367 puts bearish control in play. If $2,216 holds, a bounce could set the stage for gains up to $2,400+. If broken, deeper support awaits in the $2,150–$2,050 zone.