🔥 ETH/USDT — Key Support at $2,500 Tested as Bearish Pressure Increases

Ethereum attempted to consolidate above $2,600, but the bears have not relinquished control.

Will we see a drop towards $2,440 or a bullish reaction from $2,525?

📊 Market Summary

🔹 Current Price: $2,554

📉 24h Range: $2,536 – $2,672

📊 24h Volume: Increasing due to technical tension

📉 100h SMA: ETH operates below

📈 Hourly RSI: ~44, showing slight recovery

💥 MACD: Negative, but approaching bullish crossover

📉 Key Supports

• $2,540 – $2,525 (Fibonacci zone and trendline)

• $2,500 (psychological pivot)

• $2,440 (recent low)

• $2,350 (last strong support)

📈 Resistances to Break

• $2,620 (intraday technical resistance)

• $2,660 (50% Fibonacci level)

• $2,720 (breakout target)

• $2,800 – $2,880 (target zone in case of rally)

🧭 Probable Scenarios

✅ Bullish Scenario:

Hold $2,525 with volume → Break $2,660 → Projection towards $2,800 – $2,880

⚠️ Bearish Scenario:

Loss of $2,525 → Drop to $2,500 → Possible extended drop to $2,440 or $2,350

📌 Estimated Consolidation Range: $2,440 – $2,660

💬 What do you think?

Accumulation in support zone or preference for confirmation of bullish breakout?

Comment below and let’s talk about technical strategies with the community. 👇

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