If it happens, it will be a problem ☠️☠️

🔹 The daily close above 2400 $ETH

Was a strong positive signal, and it was supposed to continue rising if it maintained this level.

🔻 But now it has dropped to 2265

This means there was a false break (Fakeout) or a failure to confirm the rise.

Technical Explanation:

📉 Breaking the support at 2400 downwards = Signal of weakness.

Once this level was broken down, selling pressures increased.

📊 The current movement indicates a correction or the beginning of a downward wave.

As long as the price doesn’t quickly return above 2400, the trend shifts to bearish or at least a weak sideways.

Possible reasons for this drop:

1. 🔸 Institutional dumping

Some whales or institutions sold large amounts after breaking 2400 to take quick profits, which pressured the price.

2. 🔸 Negative news or market volatility

Could be affected by the drop in Bitcoin or economic/regulatory news that impacted the overall mood.

3. 🔸 Sudden technical support break

Caused the withdrawal of stop-loss orders, which increased the pace of rapid selling.

4. 🔸 Weak trading volume above 2400

When it was above 2400, there wasn’t sufficient support from buyers, making the rise fragile and easy to collapse.

Summary:

Current trend: Short-term bearish.

To turn positive again, the price needs to return above 2400.

Current support: Around 2200–2250, and if broken, we might see it at 2100 or lower.