📉 ETH Market Analysis: Searching for the Bottom

Ethereum is currently in a "Price Discovery" phase to the downside, trading far below all major daily exponential moving averages (EMAs). The recent weekly performance shows a drop of nearly 30%, signaling a persistent downtrend.

🔍 Key Technical Levels

Current Status: ETH has recently tested lows around $1,935 - $2,060, levels not seen since mid-2025.

The RSI Factor: The 14-day Relative Strength Index (RSI) is nearing historical lows (approx. 27–34), which often precedes local bounces but has not yet confirmed a full trend reversal.

Momentum: The MACD remains deeply negative and expanding, suggesting that the sell-off may still have active legs.

📉 How Much Lower Can It Go? (The Floor)

If the current support at $2,000 fails to hold, analysts point to several "Safety Net" zones:

$1,800 - $1,850: A major psychological and technical support area where buyers previously stepped in heavily.

$1,500: An "Ultra-Bearish" target if macro-economic headwinds or geopolitical tensions (like the recent U.S.-Iran friction) intensify.

🚀 How Much Higher Can It Go? (The Ceiling)

For a recovery to be considered sustainable, Ethereum must reclaim:

$2,450 - $2,600: The first major hurdle where the 200 EMA sits on lower timeframes.

$2,800 - $3,000: Reclaiming the $3,000 psychological barrier is essential to restore market confidence.

$3,600 - $7,000: Long-term targets remain ambitious, with some patterns suggesting a move toward $7,000 if an "Inverse Head and Shoulders" structure completes later this year.

💡 Professional Trading Strategy

When to BUY:

Accumulation: Look for entries between $1,900 and $2,100. This "Hope-Fear" zone has historically preceded rallies.

Confirmation: A daily close above $2,690 would significantly increase the likelihood of a structural reversal.

When to SELL:

Take Profit: Scale out near the $2,800 - $3,000 resistance zone, as heavy supply is expected there.

Stop Loss: A decisive break below $1,900 could lead to a rapid slide toward $1,500,