Ethereum just delivered a sharp jolt to the market. $ETH /USDT is trading around $2,117, down nearly 7% in the last 24 hours, after rejecting strongly from the $2,295 high. Sellers clearly took control as price slipped below key short-term averages, with MA(7) near $2,138 and MA(25) around $2,143, confirming short-term bearish momentum.
On the downside, ETH tested $2,076 as the session low, an area now acting as immediate support. A clean break below this zone could open the door toward $2,050–$2,020, while holding above it may spark a relief bounce. The broader trend remains heavy, with the MA(99) near $2,200 sloping downward, signaling pressure from higher timeframes.
Volume remains elevated, showing active participation rather than a quiet drift—this makes upcoming candles crucial. Bulls need a strong reclaim above $2,150–$2,170 to regain confidence, while bears will aim to keep price suppressed below resistance. Volatility is back, emotions are high, and ETH is entering a make-or-break zone that could define the next short-term move.
ETH
2,094.21
+2.20%