$ETH is approaching a crucial support zone!
$ETH is currently trading around $2,423 after facing strong selling pressure from the $2,700 area.
Price has returned to the previous breakout zone near $2,330–$2,420, making this an important level to watch.
The Stoch RSI is also deep in oversold territory, which could signal a potential relief bounce if buyers step in.
However, confirmation is still needed before expecting a recovery.
If support holds ETH could attempt to reclaim $2,500 and move toward $2,600.
A breakdown below this zone could bring further downside pressure.
Keep an eye on price action around support.
The next move could be important for Ethereum short-term trend.
$LAB
$ETH is currently trading around $2,423 after facing strong selling pressure from the $2,700 area.
Price has returned to the previous breakout zone near $2,330–$2,420, making this an important level to watch.
The Stoch RSI is also deep in oversold territory, which could signal a potential relief bounce if buyers step in.
However, confirmation is still needed before expecting a recovery.
If support holds ETH could attempt to reclaim $2,500 and move toward $2,600.
A breakdown below this zone could bring further downside pressure.
Keep an eye on price action around support.
The next move could be important for Ethereum short-term trend.
$LAB