$ETH is trading around $2,340, down about 2.3% in 24 hours. It's roughly 53% below its $4,946 all-time high. The 24-hour range was about $2,287 to $2,402.
Support broke. It lost $2,372, and a sharp sell-off briefly pushed it under $2,313, a level flagged as a key daily close.
Leverage flush. About $184M in leveraged positions were liquidated, mostly longs. Open interest still sits near $44B, so liquidation risk remains.
Weak momentum. MACD shows a sell signal, RSI is about 38, and spot ETH ETFs are seeing redemptions.
Levels.
Support is $2,313, then the $2,287 session low.
Resistance is $2,372, then $2,400.
Bias. Bearish while below $2,372. A reclaim of $2,400 with ETF flows turning positive would shift the tone. A daily close under $2,287 risks a deeper pullback.
#Ethereum #ETH #crypto #ETHUSD
Support broke. It lost $2,372, and a sharp sell-off briefly pushed it under $2,313, a level flagged as a key daily close.
Leverage flush. About $184M in leveraged positions were liquidated, mostly longs. Open interest still sits near $44B, so liquidation risk remains.
Weak momentum. MACD shows a sell signal, RSI is about 38, and spot ETH ETFs are seeing redemptions.
Levels.
Support is $2,313, then the $2,287 session low.
Resistance is $2,372, then $2,400.
Bias. Bearish while below $2,372. A reclaim of $2,400 with ETF flows turning positive would shift the tone. A daily close under $2,287 risks a deeper pullback.
#Ethereum #ETH #crypto #ETHUSD