⚠️ $ETH Ethereum Dips Below Key Support — Is $2,550 the Last Line of Defense?
Ethereum’s recent rally has lost steam, as ETH slips beneath critical support zones. With trendline support broken and momentum weakening, eyes are now on $2,550 — a decisive level that may determine the next big move.
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📉 Current Snapshot
ETH Price: ~$2,610
Major Resistance Levels: $2,625 → $2,650 → $2,720
Critical Support Levels: $2,600 → $2,550 → $2,440
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📊 Technical Breakdown
Ethereum surged to $2,787, but bullish momentum stalled at that resistance level.
The price reversed, falling below $2,700, the 100-hour SMA, and the bullish trendline around $2,625 — signaling a short-term trend breakdown.
ETH also broke the 50% Fibonacci retracement of the $2,463 to $2,787 move.
The 76.4% retracement level sits near $2,550, which now acts as the last key support before a potential slide toward $2,500 or lower.
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⚠️ Bearish Outlook
If Ethereum fails to reclaim $2,625–$2,650, expect further losses:
Initial support: $2,600
Critical floor: $2,550
Break below $2,550 could trigger moves toward $2,500 → $2,440 → $2,400
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🔁 Bullish Scenario
To reverse the slide, ETH must:
Reclaim $2,625, then $2,650
Break cleanly above $2,720
Target potential upside toward $2,780 → $2,880 → $2,950
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📉 Technical Indicators
MACD (Hourly): Momentum remains negative
RSI (Hourly): Below 50, indicating weakening bullish strength
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🧠 Investor Insight
Ethereum is at a make-or-break level. If $2,550 holds, it could become a springboard for a recovery rally. But a failure to defend this level may trigger broader weakness across altcoins. Keep an eye on volume and broader market sentiment before taking directional positions.