On the 15m $ETH chart, the breakdown is clearer now.

Price rejected near 2,030–2,040 and then lost the rising trendline that had been holding structure for days. That’s a shift from higher lows to potential lower highs.

We’re now trading around 1,981, sitting just under the EMA cluster. The reclaim failed quickly, which shows sellers are defending that zone.

Momentum confirms it:

• RSI is near 30 — short-term oversold but not reversing yet
• MACD expanding bearish
• Volume increasing on the red move

Key levels:

• Resistance: 1,995–2,010
• Major resistance: 2,030
• Support: 1,950
• Critical level: 1,926 (recent swing low)

If ETH can’t reclaim 2,000 fast, this likely rotates toward 1,950 liquidity. A strong reclaim above 2,010 would invalidate the breakdown.

Right now, structure favors continuation downside unless buyers step in aggressively.

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