🚨🚨 Ethereum on the edge: Is a collapse below \$2300 inevitable? 🚨$ETH
Ethereum is hanging by a thread—warning lights are flashing, critical levels are breaking, and fear is mounting.
Now, ETH is stuck in a fierce battle below resistance at \$2434... and it's losing ground quickly.
Price movements? Weak.$ETH
Volume? Heavily on the sell side.
The structure? It's cracking.
A massive inactive zone between \$2300 and \$2400 has turned into a minefield. ETH is swinging within it—and if it slips below \$2313, brace for a volatile drop that could send it towards \$2100 or lower. 😨
The charts are screaming caution:$ETH
– ETH is now holding near \$2420, but it's below the key support that turned into resistance at \$2434.
– Selling volume surged during the recent decline.
– Failure to bounce shows that buyers are retreating.
– The moving average divergence at -6.41 flashes red for bearish momentum.
And if that wasn't enough, the price pressure below the overall \$2800 level shows that ETH is trapped. A clean break above that area could have led to a recovery to \$4K—but that hasn't happened yet. The risk of a drop is increasing hour by hour.
Institutional traders are watching closely. So are the whales.
Another push… and the \$2250–\$2310 range could break down widely.
Ethereum is not dead—but it is in the danger zone.
Hold your breath. Watch the levels. This could be the calm before the next big flush. 🌪️
Trading is slow.
The storm is not over yet.
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