$ETH DROPS 4.7% IN 24H — SELLERS STILL CONTROL THE TREND
Ethereum is showing no convincing recovery yet, with ETH trading around 2,560 and the 1H structure firmly bearish. Price remains below both EMA20 and EMA200, while the market continues printing lower highs and lower lows.
The key point: ETH is still below the 2,725 structure-flip level. Until that level is reclaimed with strength, rallies remain vulnerable to fresh selling.
Key resistance zones:
2,587–2,618: Immediate resistance and FVG supply
2,648: Secondary resistance
2,676–2,688: Heavy structural resistance
2,725: Major structure-flip level
Downside levels:
2,524: First support/TP
2,478: Next downside target
Momentum Short Setup:
A weak bounce into 2,587–2,618 could provide a potential short opportunity if price shows rejection, a bearish engulfing candle, or a 15M structure shift.
TP1: 2,524
TP2: 2,478
Invalidation: 1H close above 2,725
Flow Check:
OI: $6.19B, down 0.3% in 24H
Funding: +0.0003%
Taker Ratio: 1.23x
The positive taker ratio shows active buying interest, but the broader structure remains bearish. With OI slightly declining, some of the recent activity may represent short covering or bottom-fishing rather than a confirmed spot-led reversal.
Bullish scenario only activates if ETH reclaims 2,725 with strong volume and holds above it. That could open the path toward 2,749 and higher supply zones.
Until then, the higher-probability approach remains selling weak rallies rather than chasing longs.
Key level to watch: 2,725.
Below it, bears remain in control. Above it, the structure needs to be reassessed.
Not investment advice. Educational report only.
#ETH #Ethereum #CryptoTrading #Altcoins #Binance $ETH
Ethereum is showing no convincing recovery yet, with ETH trading around 2,560 and the 1H structure firmly bearish. Price remains below both EMA20 and EMA200, while the market continues printing lower highs and lower lows.
The key point: ETH is still below the 2,725 structure-flip level. Until that level is reclaimed with strength, rallies remain vulnerable to fresh selling.
Key resistance zones:
2,587–2,618: Immediate resistance and FVG supply
2,648: Secondary resistance
2,676–2,688: Heavy structural resistance
2,725: Major structure-flip level
Downside levels:
2,524: First support/TP
2,478: Next downside target
Momentum Short Setup:
A weak bounce into 2,587–2,618 could provide a potential short opportunity if price shows rejection, a bearish engulfing candle, or a 15M structure shift.
TP1: 2,524
TP2: 2,478
Invalidation: 1H close above 2,725
Flow Check:
OI: $6.19B, down 0.3% in 24H
Funding: +0.0003%
Taker Ratio: 1.23x
The positive taker ratio shows active buying interest, but the broader structure remains bearish. With OI slightly declining, some of the recent activity may represent short covering or bottom-fishing rather than a confirmed spot-led reversal.
Bullish scenario only activates if ETH reclaims 2,725 with strong volume and holds above it. That could open the path toward 2,749 and higher supply zones.
Until then, the higher-probability approach remains selling weak rallies rather than chasing longs.
Key level to watch: 2,725.
Below it, bears remain in control. Above it, the structure needs to be reassessed.
Not investment advice. Educational report only.
#ETH #Ethereum #CryptoTrading #Altcoins #Binance $ETH