$ETH Breakdown Alert! Ethereum Slammed Below $2,960 — What’s Next?
Ethereum has taken a sharp hit, dropping to $2,945.50 after tapping a 24h high of $3,040.15. The market is reacting aggressively, breaking short-term supports and triggering high-volume red candles. Is this just a shakeout — or a signal of deeper downside?
Key Technical Levels
• Resistance Zone:
• $2,980 – Former support turned resistance
• $3,010 – A key level bulls must reclaim for momentum shift
• Support Zone:
• $2,940 – Now being tested
• $2,900 – Crucial psychological and structural support
• A break below here could expose ETH to $2,850 levels
Trade Setup – High Volatility Ahead
• Bullish Entry: Quick reclaim and close above $2,980
• TP1: $3,010
• TP2: $3,040
• TP3: $3,070
• Bearish Entry: Breakdown below $2,940 with sustained pressure
• TP1: $2,900
• TP2: $2,865
• TP3: $2,820
Volume is surging (18.37K) as sellers dominate the order book. Bulls must act fast to regain control — or this slip could become a full-blown retracement.
ETH has entered danger territory — bounce or bleed? Stay focused and trade with caution!