$ETH

ETH

1,965.49

-2.97%

Ethereum’s spot profile shows a sharp 4H breakdown from the 3,400 resistance into a fast selloff, now trading near $2,295 with a 24-hour low at $2,222. The velocity and size of red candles suggest forced liquidations and stop-loss clustering accelerated the decline. Short-term structure flipped bearish after losing key support around $2,700–$2,900, increasing downside risk. However $2,200–$2,250 offers visible support and could attract value buyers if on-chain inflows stabilize. Monitor exchange flows, funding rates, and BTC correlation for confirmation. Trade management is critical: expect volatility and prepare for failed breakdowns or relief rallies. Position sizing remains essential for risk control.DYOR.#eth #Ethereum