ETH has now adjusted to around the third Fibonacci level: 2805 − (2805 − 2355) × 0.618 = 2526. So far, signs of weakening downside momentum have appeared only on the 4-hour chart. Bearish pressure from the 1- to 3-day charts could lead to a false breakdown. Support levels below: 2512, 2496, and 2480 (the 3-day Bollinger Band midline). If price pulls back to these levels, they could all offer opportunities to buy the dip. Watch 2596–2612 on a rebound. A breakout above 2626 would turn the short-term outlook bullish, with 2736–2750 as the next target.

If signs of a stalled rally appear, look to sell into strength near the 10-day moving average. 2468 is the first support at the 10-day moving-average level; keep your stop-loss near there.