$ETH - Bearish Outlook 📉
Currently bearish on ETH.
A new lower low looks possible, with a probable test of the $2,380–$2,400 zone next. 🎯
Key points:
Downtrend remains dominant, keep monitoring the trend.
Upper resistances to watch: $2,600 and $2,630
As long as $ETH can't close a daily candle above $2,630, bulls remain at risk.
If ETH breaks down below the current channel structure, we could see a sharp drop towards $2,250-$2,200. For now, the channel is holding.
⚠️Be prepared:
A fakeout/liquidity trap near $2,200 could happen before another possible leg up.
