🚨 ETHEREUM JUST LOST ITS BULLISH STRUCTURE IS $2,500 NEXT?
ETH is trading around $2,540, down nearly 1% today, after a sharp selloff from the $2,700+ area.
The 1H chart is now clearly weaker:
📉 MA7: $2,550.83
📉 MA25: $2,563.58
📉 MA99: $2,659.61
Price is below all three moving averages, and the MA7 is below the MA25. That’s a major shift from the bullish structure we were watching earlier.
ETH also just printed a new local low around $2,518.66.
INSTITUTIONAL PRESSURE
The institutional picture isn't helping the bulls either. U.S. spot ETH ETFs recorded another $160.9M net outflow on Oct. 7, extending a difficult stretch of withdrawals.
At the same time, rising Treasury yields and a stronger dollar are creating a tougher environment for risk assets and crypto.
👀 WHAT I'M WATCHING
$2,518–$2,520 is the immediate support zone.
If ETH loses that area with strong selling pressure, $2,500 becomes the next psychological level to watch.
But there is another side:
If buyers reclaim $2,550–$2,565 and then push back above the MA structure, this could become a short-term recovery attempt rather than the start of another leg down.
For now, the chart favors caution over chasing longs.
ETH needs to reclaim the moving averages before the bulls can convincingly take control again.
#ETH #Ethereum #ETHUSDT #CryptoTrading $ETH