WHY IS ETH DROPPING? 📉⚠️
$ETH is currently trading around $1,918 after a strong rejection and continuous lower highs on the daily timeframe. So what’s happening?
Here’s the breakdown 👇
🔴 1. Strong Rejection From Major Resistance
$ETH failed to sustain above the $2,000 psychological level. That area acted as heavy resistance
🔴 2. Bearish Market Structure
On the daily chart, ETH is printing:
• Lower highs
• Lower lows
• Weak bullish follow-through
🔴 3. Bitcoin Dominance Pressure
When BTC dominance rises, altcoins like ETH usually bleed harder. Liquidity flows into Bitcoin first — alts suffer.
🔴 4. Macro & Risk-Off Sentiment
If global markets show weakness or uncertainty, crypto reacts fast. $ETH is still considered a high-risk asset.
🟨 Support: $1,850 – $1,750 zone
🟨 Resistance: $2,000 psychological barrier
If $1,750 breaks again, we could see another wave of fear.