ETH Market Update:
Ethereum dropped sharply toward $2,200–$2,250 after failing to hold higher levels, following the overall market weakness. After the sell-off, price has been bouncing and consolidating around $2,300–$2,400, showing signs of accumulation rather than panic. The long wicks and smaller candles tell us buyers are stepping in, but momentum is still cautious.
Key Levels:
Support: $2,200 – $2,250
Range / Accumulation: $2,300 – $2,400
Resistance: $2,600 – $2,700
My Take:
ETH looks like it’s quietly building a base after the drop. Relief bounces are happening, but until it breaks above $2,600 with volume, nothing is confirmed.
Question:
Do you think ETH will stabilize here and start recovering, or will it need to test lower support first?
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