🛑 $ETH is fighting to hold $2,404… One breakdown could change everything ‼️
Ethereum keeps struggling as sellers dominate the price action. The latest $319.97M in weekly #ETF outflows adds more pressure, while leveraged long liquidations show how risky this market has become.
📉 Bearish scenario: A 4H close below $2,404 could open the door to $2,350 and $2,320. Strong selling volume may accelerate the move.
📈 Bullish scenario: ETH needs to reclaim $2,450 with strong volume. Only then could a recovery toward $2,480–$2,520 become realistic.
My take: Repeated support tests aren't a good sign when buying demand remains weak. ⚠️ But don't assume a breakdown is guaranteed—buyers could still defend this zone and trigger a relief bounce.
💬 Will ETH lose $2,400 and slide toward $2,320, or surprise everyone with a recovery?
#ETH
Ethereum keeps struggling as sellers dominate the price action. The latest $319.97M in weekly #ETF outflows adds more pressure, while leveraged long liquidations show how risky this market has become.
📉 Bearish scenario: A 4H close below $2,404 could open the door to $2,350 and $2,320. Strong selling volume may accelerate the move.
📈 Bullish scenario: ETH needs to reclaim $2,450 with strong volume. Only then could a recovery toward $2,480–$2,520 become realistic.
My take: Repeated support tests aren't a good sign when buying demand remains weak. ⚠️ But don't assume a breakdown is guaranteed—buyers could still defend this zone and trigger a relief bounce.
💬 Will ETH lose $2,400 and slide toward $2,320, or surprise everyone with a recovery?
#ETH