📉 $ETH Current Market Analysis

$ETH has entered a dangerous zone after experiencing a wave of acceleration. The current price is trading below all previous support levels, and there has been almost no price action in this area recently.

Key Observations:

Current Dangerous Zone: Due to the lack of effective support, the price can quickly decline. Therefore, bulls must work hard to maintain the current price level. This situation could have been worse, but thankfully, the bulls have temporarily held it up.

Key Levels:

$2300+ Area: This is the primary task for the bulls; they must reclaim and maintain this level. If a bearish rebound occurs in this area, it might just be a significant rebound, and subsequently, more inefficient liquidity may be filled. Newly formed local low: The local low around $2210 is also a key support level and must be taken seriously.

📊 Summary

Pay attention to the performance of the bulls in the $2300 area; if they reclaim this level, it could have a positive impact on future trends. Keep an eye on local lows like $2210; if this level is broken, it may bring more downward pressure.

Stay vigilant and respond flexibly to market changes! 🚀📈