Alright, team, checking in on $ETH here.
Looks like we had a decent bounce yesterday, but that rally fizzled out right around the $2630-$2670 zone – classic resistance there, sellers stepped in hard.
Now we're back down testing the $2480 area.
This was prior support, so it's a key level to watch. Volume on this latest leg down seems to be picking up a bit, which isn't ideal.
If this $2480 level doesn't hold, we could easily see a retest of those recent lows around $2370.
On the flip side, if we can find some bids here and reclaim $2530, maybe we get another shot at higher levels.
For now, it's a wait-and-see at this critical support.
Keep eyes peeled.