$ETH ETHEREUM AT CRITICAL $2,424 DECISION POINT
Current Market Snapshot
Price: $2,424.46 (-1.24% daily decline)
24H Range: $2,388.29 - $2,456.90
Volume: Moderate 1.442K - Below average activity
Key Technical Levels
SUPPORT ZONES
Primary Support: $2,422.85 (Immediate chart support)
Secondary Support: $2,400-2,410 (Psychological major level)
Deep Support: $2,388.29 (24H low - critical demand)
RESISTANCE LEVELS
Immediate Resistance: $2,427.50-2,430.00 (Blue zones)
Key Resistance: $2,450-2,456.90 (24H high breakout)
Major Resistance: $3,200+ (Next bullish target)
Trading Scenarios
BULLISH CASE
Entry: Above $2,450 with volume confirmation
Target 1: $3,171.79 (+30.8% by Dec 2025)
Target 2: $3,500-3,700 (2025 year-end target)
Target 3: $6,700+ (Extended bull cycle)
Stop Loss: Below $2,388
BEARISH CASE
Entry: Break below $2,400 with volume
Target 1: $2,320 (-4.3% correction zone)
Target 2: $2,200-2,250 (Deeper support)
Stop Loss: Above $2,460
CAUTIOUSLY BULLISH - While ETH faces immediate selling pressure (87.99% sell orders), the technical structure remains intact above $2,400. The technicals support a bullish continuation as long as ETH holds above $2,400.
Risk Assessment: Current setup favors patience. Break above $2,450 could trigger rally toward $3,200+, while failure below $2,400 may lead to deeper correction.