🚨 $ETH Has the slide really begun? Is a deeper drop coming?
Ethereum has clearly broken below the critical support area at 3,600, causing the price to decline sharply amid seller dominance.
🔍 What is happening now?
• If it fails to hold above 3,540, the path may open towards:
– 3,490 (first support)
– 3,430 (pivot area)
– 3,360 (final target for bears)
💡 But…
In case of a quick recovery above 3,600, we may see a sudden rebound towards 3,700 with the liquidation of short positions.
📉 Setting up a sell trade:
• Entry: 3,560 – 3,580
• Stop loss: 3,620
• TP1: 3,490
• TP2: 3,430
• TP3: 3,360
⚠️ Negative momentum is clear, but don't forget that the market may surprise you with a quick rebound — watch the movement carefully.
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