🔴 Market Bias: Bearish
ETH is facing strong selling pressure after dropping below $2,400. Sellers currently appear to have the advantage, but a short-term recovery is still possible.
🔎 Key Levels to Watch
- Support: $2,300–$2,320
- Resistance: $2,400–$2,430
- Major Resistance: $2,500–$2,600
📉 Bearish Scenario: A confirmed break below $2,300 could expose ETH to further downside.
📈 Bullish Scenario: Reclaiming $2,430 with strong buying volume could support a recovery toward $2,500.
🎯 SMC Perspective: Watch for liquidity sweeps, displacement, and a clear market structure shift before drawing conclusions. Avoid assuming every support level will hold.
⚠️ These are conditional scenarios, not guaranteed predictions. Always verify levels on the live chart.