$ETH Today, Ethereum is trading lower amid broad crypto weakness. It has dropped from recent highs and is well below earlier resistance zones. Markets are still risk off right now, pushing Bitcoin and most major altcoins down. �
Reuters
Current mood: Mixed to bearish short term. Price lost ground recently and sentiment remains cautious as buyers have yet to reclaim key overhead levels. Major support: Near $2,100 to $2,200. If price breaks below this range, sellers may push lower. �
• Immediate resistance: Around $2,600 to $2,700. Price needs a break above this to shift bias toward upside. �
• Higher resistance: Above $3,000 would be a strong sign of renewed strength after this downtrend. �Bullish idea (if price shows upside strength)
• Entry zone: Around $2,200 to $2,250. This area represents key support and possible bounce zone.
• Stop-loss (SL): $2,100 (just below support).
• Take profit 1 (TP1): $2,600 (near immediate resistance).
• Take profit 2 (TP2): $3,000 (higher resistance break).Entry (short) if price breaks below $2,100 with momentum.
• SL (short): Above $2,200 (invalidates breakdown).
• TP1 (short): $1,900 low area.
• TP2 (short): $1,800 deeper support.#MarketCorrection #RiskAssetsMarketShock
