📉 Ethereum (ETH) Price Faces Selling Pressure — Key Levels to Watch
Ethereum (ETH) is currently showing signs of weakness after facing selling pressure in the market. As seen on the chart, ETH previously dropped sharply toward the $2,650 area, before recovering and moving back toward the $2,680–$2,690 zone. However, the price is still trading below the important $2,700 psychological level, which could remain a major resistance area for buyers.
The recent price action shows that sellers are still active, while buyers are attempting to maintain the recovery. The $2,650–$2,660 zone appears to be an important support area. If ETH manages to hold this level, buyers could attempt another move toward $2,700 and potentially $2,720.
On the other hand, if Ethereum loses the $2,650 support with strong selling volume, the market could see additional downside pressure. Traders should therefore pay close attention to volume, momentum, and the reaction around key support and resistance levels.
For now, ETH remains in a cautious zone. A strong break above $2,700 could improve bullish sentiment, while a breakdown below $2,650 could increase bearish pressure.
What do you think? Will ETH break above $2,700, or will sellers push the price lower? 👇
