$ETH
ETH below $2,600. The bounce failed, and sellers pushed again.
Down over 5% near $2,575, ETH shows a bearish 1H structure: lower highs, lower lows, and rebounds losing strength.
$2,560 is the immediate test. A 1H close below this low raises the risk of a move toward the psychological $2,500 level.
S1: $2,560
S2: $2,500
R1: $2,600–$2,620
R2: $2,640–$2,670
RSI sits near 16.6, deep in oversold territory. A relief bounce is possible, but buyers still need to reclaim $2,600–$2,620 and defend the retest.
My view: bearish until price starts rebuilding support. A lower price alone isn’t a reason to buy, and chasing shorts after a steep drop leaves little room for a rebound.
#etherreum
ETH below $2,600. The bounce failed, and sellers pushed again.
Down over 5% near $2,575, ETH shows a bearish 1H structure: lower highs, lower lows, and rebounds losing strength.
$2,560 is the immediate test. A 1H close below this low raises the risk of a move toward the psychological $2,500 level.
S1: $2,560
S2: $2,500
R1: $2,600–$2,620
R2: $2,640–$2,670
RSI sits near 16.6, deep in oversold territory. A relief bounce is possible, but buyers still need to reclaim $2,600–$2,620 and defend the retest.
My view: bearish until price starts rebuilding support. A lower price alone isn’t a reason to buy, and chasing shorts after a steep drop leaves little room for a rebound.
#etherreum
