$ETH sitting at $2,390 after losing the rising channel and the $2,500 level. Now testing the lower end of the accumulation box.
Here's the setup:
$2,350–$2,380: Immediate support getting tested right now. If it holds, we could see another run at $2,500.
$2,310: Key support. Break below this and downside pressure increases.
$2,500–$2,526: Resistance zone. ETH needs to reclaim this to show any real strength and shift the short-term picture.
$2,700–$2,780: Major overhead resistance if buyers can build momentum.
My read: The rising channel is broken, so I'm cautious. What matters now is whether buyers defend the lower accumulation box. If they do, we get a bounce. If support fails, expect more downside before any meaningful recovery.
Let's watch how price reacts at this level. Patience and discipline here — not the time to force trades. DYOR. NFA.
Here's the setup:
$2,350–$2,380: Immediate support getting tested right now. If it holds, we could see another run at $2,500.
$2,310: Key support. Break below this and downside pressure increases.
$2,500–$2,526: Resistance zone. ETH needs to reclaim this to show any real strength and shift the short-term picture.
$2,700–$2,780: Major overhead resistance if buyers can build momentum.
My read: The rising channel is broken, so I'm cautious. What matters now is whether buyers defend the lower accumulation box. If they do, we get a bounce. If support fails, expect more downside before any meaningful recovery.
Let's watch how price reacts at this level. Patience and discipline here — not the time to force trades. DYOR. NFA.