🚨 Ethereum Drops Below $2,500!
$ETH has broken below the key $2,500 support level, driven by persistent spot ETF outflows, high US Treasury yields, and broad market liquidations.
📉 Key Technical Levels:Immediate Support: $2,420 – $2,355 zone. A breakdown here threatens a move toward $2,200.
Key Resistance: Needs a daily close back above $2,550 to flip structure bullish.
💡 Trader Plan: Avoid chasing panic wicks. Wait for confirmation at major support levels before opening entries. Risk management is key!
Is this a buy zone or deeper correction? 👇
#ETH #Ethereum
$ETH has broken below the key $2,500 support level, driven by persistent spot ETF outflows, high US Treasury yields, and broad market liquidations.
📉 Key Technical Levels:Immediate Support: $2,420 – $2,355 zone. A breakdown here threatens a move toward $2,200.
Key Resistance: Needs a daily close back above $2,550 to flip structure bullish.
💡 Trader Plan: Avoid chasing panic wicks. Wait for confirmation at major support levels before opening entries. Risk management is key!
Is this a buy zone or deeper correction? 👇
#ETH #Ethereum