$ETH Analysis + Next Move ๐จ๐
$ETH is currently being slaughtered, trading around $1,990โ$2,103 after a massive -26% weekly crash.
Broader market carnage has wiped out $410โ$460 billion in total value, dragging Ethereum to its lowest levels since May 2025. Liquidations are hitting hard, with over $775 million in leveraged positions flushed out in a single session. ๐ฅ๐ฅ
๐ The Quick Analysis:
The chart is a total graveyard. $ETH has shattered the critical $2,960 neckline, confirming a bearish "inverse cup and handle" that points to a much deeper collapse.
It is currently pinned below its 50-day and 100-day EMAs, with an RSI hovering near 34, signaling that while it's "oversold," the downward momentum is still dominant. Massive whale sell-offs and institutional outflows from ETH ETFs are fueling the fire. ๐โ ๏ธ
Real Talks: This isn't just a "dip"โit's a structural reset. Until eth reclaims $2,450, any bounce is just exit liquidity for whales. ๐๐ง
๐ฏ๐ฎ THE NEXT MOVE ๐ฎ๐ฏ
* The Bearish Abyss: If the $2,100 floor snaps cleanly, ETH is on a fast track toward the $1,725 target. A break there opens the door to the $1,370โ$1,500 "capitulation zone". ๐๐ฏ
* The Relief Trap: Bulls need a miracle close above $2,438 to pause the panic. A true reversal only begins if it reclaims the $2,750โ$3,430 consolidation range. ๐โก
* Bottom Line: ETH is on life support. Watch the $2,100 level like a hawk; a daily close below it confirms the next leg of the 2026 crypto winter. ๐๐
