$ETH Next Move!! Or Trapped
Ethereum is still trapped in a clear bearish structure, no sugarcoating it. Price keeps trading below that descending trendline, showing sellers remain firmly in control.
We decisively lost the $2,500 support zone yesterday, and it's now acting as strong resistance overhead. Right now,
$ETH is grinding in the $2,250โ$2,300 demand area, but bounce attempts have been weak, short-lived, and lack real conviction โ buyers just aren't showing up with enough force.
Key Resistance Levels
$2,500 (major flip zone โ reclaiming this would be the first sign of life)
$2,900โ$3,000
$3,300โ$3,400 (descending trendline ceiling)
Key Support Levels
$2,250โ$2,200 (current holding zone โ watch closely)
$1,900
$1,420 (macro demand area)
$1,020 (extreme downside if things really break)
A clean daily close back above $2,500 would flip the short-term bias bullish and open the door for a relief rally toward $2,900โ$3,300. Until then, the path of least resistance remains lower โ stay patient and wait for confirmation before getting aggressive on either side.
#Etherum #MrCryptoGuardian