Update on the status of $ETH . The price is currently trading around 2600.
It faces clear resistance near the 2600 - 2800 area, which it recently failed to break through and has started to correct from.
🔸 Important supply and demand areas:
🟩 Supply areas (Resistance)
1. 2600 - 2800 is the current resistance area, from which prices have previously retreated.
🟦 Demand areas (Support)
1. 2100 - 2200 is a close and sensitive support. Breaking this level could open the door for a wider decline, and it is currently crucial to maintain above it. If it holds above, our targets will be:
3109 first target
3301 medium target
3578 long-term target if the current supply areas are broken.
🔻 Stop-loss or negative reversal levels:
2065 and 2210 are critical levels indicated by short Fibonacci lines representing stop-loss or re-test levels.
📌 Possible scenarios:
✅ Positive scenario
Continuing to hold above 2400.
A clear and stable break above 2600 – 2800 could open the way towards targets of 3100 – 3300 then 3570.
❌ Negative scenario:
A clear break of the 2200 – 2100 area could bring the price back to 1800.
The market is currently in a state of fluctuation at strong resistance. Continued holding above 2400 may maintain the bullish outlook.