⚠️ Ethereum Price Drops – Is $2,550 the Last Line of Support?

Ethereum’s price is falling again after facing strong resistance near $2,780. It’s now trading below $2,650, which could lead to further losses.

🔻 What’s Happening?

Ethereum climbed as high as $2,787 but couldn’t hold the gains.

The price dropped below key levels like $2,700, $2,650, and the 100-hour simple moving average (SMA).

A rising support trend line at $2,625 was broken, showing weakness in the uptrend.

🔍 Key Levels to Watch

Resistance if ETH bounces back: $2,625, $2,650, and strong resistance at $2,720.

If it breaks above $2,720, it might head toward $2,780 again, and possibly $2,880 or $2,950.

Support if ETH drops more: $2,600, with major support at $2,550.

If $ETH falls below $2,550, it could go down to $2,500, $2,440, or even $2,400.

📉 Indicators Say:

The MACD (momentum indicator) is turning more negative.

The RSI (strength indicator) is under 50, showing weakness.

🧠 What It Means:

Ethereum needs to stay above $2,550 to avoid a deeper drop. If it can bounce back and climb over $2,650 and $2,720, the bulls might regain control.