$ETH Faces a Critical Test Near $2,330
Ethereum is showing continued selling pressure on the 1H chart, forming lower highs and struggling to reclaim the $2,420 resistance zone.
Price has now dropped toward $2,330, where buyers could attempt a short-term recovery.
Key Levels:
- Support: $2,320–$2,330
- Immediate Resistance: $2,360
- Recovery Targets: $2,400 / $2,420
- Bearish Breakdown: Below $2,300
My View: The short-term trend remains bearish, but a strong defense of $2,320 could trigger a relief bounce toward $2,420.
I prefer waiting for bullish confirmation rather than catching a falling knife.
Can $ETH reclaim $2,420, or is another breakdown coming?
#Ethereum #Ethereum #crypto
Ethereum is showing continued selling pressure on the 1H chart, forming lower highs and struggling to reclaim the $2,420 resistance zone.
Price has now dropped toward $2,330, where buyers could attempt a short-term recovery.
Key Levels:
- Support: $2,320–$2,330
- Immediate Resistance: $2,360
- Recovery Targets: $2,400 / $2,420
- Bearish Breakdown: Below $2,300
My View: The short-term trend remains bearish, but a strong defense of $2,320 could trigger a relief bounce toward $2,420.
I prefer waiting for bullish confirmation rather than catching a falling knife.
Can $ETH reclaim $2,420, or is another breakdown coming?
#Ethereum #Ethereum #crypto