$ETH Update
ETH was rejected again from the $2,530–$2,560 resistance zone and has now broken below the $2,430 support shown on the chart.
The next key area is around $2,370–$2,380, near the lower trendline. The liquidation heatmap also shows a large liquidity cluster around $2,400, which could act as a magnet if selling continues.
With the CLARITY Act failing to get the required 60 Senate votes, the broader crypto market is also under pressure today. For now, I’d watch $2,400–$2,380 closely. A reclaim of $2,430 would weaken the bearish setup; losing $2,380 could open the door to a deeper correction.
Still bearish until #ETH proves otherwise.
ETH was rejected again from the $2,530–$2,560 resistance zone and has now broken below the $2,430 support shown on the chart.
The next key area is around $2,370–$2,380, near the lower trendline. The liquidation heatmap also shows a large liquidity cluster around $2,400, which could act as a magnet if selling continues.
With the CLARITY Act failing to get the required 60 Senate votes, the broader crypto market is also under pressure today. For now, I’d watch $2,400–$2,380 closely. A reclaim of $2,430 would weaken the bearish setup; losing $2,380 could open the door to a deeper correction.
Still bearish until #ETH proves otherwise.
