š» $ETH /USD BREAKS MAJOR SUPPORT ā BEARS IN CONTROL! š»
Ethereum just broke down from a clear horizontal range around the $2,800 zone, triggering a steep sell-off all the way to sub-$2,530 levels. The breakdown from the boxed consolidation zone confirms distribution followed by aggressive selling.
š§ Classic pattern: Range ā Breakdown ā Retest ā Lower low.
š Market Snapshot:
⢠Current Price: $2,532.87 (ā1.81%)
⢠Previous Support Zone: $2,770ā$2,800
⢠Next Key Support: $2,450
⢠Bearish Trigger: Confirmed rejection after breakdown
If ETH fails to reclaim the $2,700 range, we could see continued weakness. Watch for volume surges or divergence signals for possible bounce plays.