📉 Market Snapshot
$ETH has recently sold off with broader crypto markets — ETH prices fell sharply last week, dipping below key support zones near *$2,400–$2,500*. This weakness has been driven by broader risk-off sentiment in crypto and macro markets, including heightened liquidations and rising U.S. interest rate pressure.
📊 Technical Levels
- *Immediate support:* ~$2,400–$2,420 (recent bounce zone)
- *Critical support:* ~$2,300–$2,350 (important longer-term technical area)
- *Resistance:* ~$2,600–$2,650 (prior breakout turned resistance)
If ETH holds the current support area and rebounds, the price could stabilize; a break below might signal deeper correction risk.
🧠 Sentiment & Outlook
- Crypto risk sentiment remains cautious after recent liquidations that hit both Bitcoin and Ethereum.
- Some analysts see potential bullish momentum if ETH can reclaim higher range levels above ~$3,000, with technical setups pointing toward higher targets (e.g., around $3,400–$3,600).
- Longer term, adoption catalysts like upgrades and institutional activity continue to shape narratives, although price action is still tied to broader macro trends.
*Summary:* Ethereum is in a volatile phase with recent downward pressure. Bulls need strong support holds and breakouts above key resistance to shift sentiment back to bullish territory, while weakness below support could lead to further correction.