$ETH is dipping, and the short-term chart has weakened.
ETH is currently around $2,481, down about 2% on the latest session.
The immediate area to watch is roughly $2,470–$2,480. A break below that would make the pullback more concerning.
$2,400–$2,360 is the more important support region. Reuters recently identified $2,350–$2,360 as the level whose loss would invalidate the recent bullish setup.
On the upside, ETH needs to regain roughly $2,530–$2,560 to show stronger recovery. Reuters notes that ETH recently peaked around $2,564 after a strong rally.
📊 My fresh read
Short term: 🟠 Neutral → slightly bearish
Medium term: 🟢 Still potentially bullish as long as ~$2,350–$2,360 holds.
So yes, the dip is real, but it doesn't automatically mean the larger bullish structure is broken. The key thing I'd watch is whether ETH holds the $2,400 area and eventually gets back above .#EtherRalliesAsBearishBetsLiquidate
ETH is currently around $2,481, down about 2% on the latest session.
The immediate area to watch is roughly $2,470–$2,480. A break below that would make the pullback more concerning.
$2,400–$2,360 is the more important support region. Reuters recently identified $2,350–$2,360 as the level whose loss would invalidate the recent bullish setup.
On the upside, ETH needs to regain roughly $2,530–$2,560 to show stronger recovery. Reuters notes that ETH recently peaked around $2,564 after a strong rally.
📊 My fresh read
Short term: 🟠 Neutral → slightly bearish
Medium term: 🟢 Still potentially bullish as long as ~$2,350–$2,360 holds.
So yes, the dip is real, but it doesn't automatically mean the larger bullish structure is broken. The key thing I'd watch is whether ETH holds the $2,400 area and eventually gets back above .#EtherRalliesAsBearishBetsLiquidate
