$ETH The current price is around $1,900, with an intraday low of about $1,875–$1,882. That’s a brutal drop.
The first support level is $1,875–$1,880, with strong support at $1,850–$1,860. The next downside target is $1,800–$1,820, though there’s still a chance it could fall further.
The first resistance zone is $1,930–$1,950, with strong resistance around $1,980–$2,000. This is tied to the psychological level many people are watching. In the short term, the key question is whether $1,875–$1,880 holds. If it does, a rebound toward $1,930–$1,950 is possible, but it may be difficult.
If the price breaks below $1,875 decisively, the next levels to watch are $1,850 and then $1,800. There’s considerable resistance at $2,000, so the price probably won’t reach that level in the short term. It would need to hold above that level on strong volume for the outlook to improve.
I’m still bearish.
The first support level is $1,875–$1,880, with strong support at $1,850–$1,860. The next downside target is $1,800–$1,820, though there’s still a chance it could fall further.
The first resistance zone is $1,930–$1,950, with strong resistance around $1,980–$2,000. This is tied to the psychological level many people are watching. In the short term, the key question is whether $1,875–$1,880 holds. If it does, a rebound toward $1,930–$1,950 is possible, but it may be difficult.
If the price breaks below $1,875 decisively, the next levels to watch are $1,850 and then $1,800. There’s considerable resistance at $2,000, so the price probably won’t reach that level in the short term. It would need to hold above that level on strong volume for the outlook to improve.
I’m still bearish.