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$ETH ETH Crashes Hard. Is This the Bottom or Just the Beginning?
ETH is still facing heavy selling pressure. The price has dropped sharply and is now trying to stabilize near an important demand zone. Volatility is high, so patience is key.
Current Market Structure
The overall market structure is bearish. ETH is forming lower highs and lower lows on the 1H chart. The recent bounce appears to be a reaction and not a confirmed reversal yet. Buyers are active, but their control remains weak.
Key Levels to Watch
Support Zones
2230 – 2350: Major demand zone.
This area saw a strong bounce. Buyers are defending this zone.
Resistance Zones
2550 – 2650: First resistance.
Any pullback into this zone may face selling pressure.
2900 – 3000: Major supply zone.
This area showed strong rejection in the previous move.
Bullish Scenario
If ETH stays above 2350 and forms higher lows, a short-term recovery can continue. The price may move toward 2550 – 2650. The structure improves only if the price reclaims above 2700. Bullish confirmation needs strong volume and stability above support.
Bearish Scenario
If ETH fails to hold 2230 – 2350, the downtrend may continue. The price could revisit lower liquidity areas. Any bounce below 2550 may stay corrective. The trend remains bearish until resistance is broken.