At the time of writing, ETH is trading around $2,255, down roughly 2.6% on the day, after a sharp sell-off from the recent high near $3,400.

This isn’t random volatility — the chart is telling a clear story.

1. Higher-Timeframe Structure (1D)

From the daily chart:

ETH topped around $3,400

Broke below MA(25) and MA(99) decisively

Printed a strong bearish continuation move

Found temporary support near $2,110

This confirms a lower high → lower low structure. Trend is still bearish unless key levels are reclaimed.

2. Moving Averages: Trend Still Against Bulls

Current MAs:

MA(7): ~2,441

MA(25): ~2,918

MA(99): ~3,087

Price is below all major moving averages, and they are sloping downward.

From experience, when ETH trades below MA(25) and fails to reclaim it quickly, rallies usually turn into relief bounces, not trend reversals.

3. Volume Analysis: Capitulation Signals Appearing

Recent candles show:

Rising sell volume

A large red volume spike near the $2,100 low

Slight volume contraction on the bounce

This often signals short-term exhaustion, meaning sellers may be losing momentum — but it does not automatically mean a bottom is confirmed.

Capitulation ≠ reversal. Confirmation matters.

4. Key Levels That Matter Now

Immediate Support

$2,100 – $2,050 This zone has already been tested once. A clean break below it opens downside risk.

Major Downside Level

$1,900 – $1,850 This is the next strong demand zone from prior structure.

Resistance Zones

$2,400 – $2,450 (MA(7))

$2,650 – $2,700 (previous breakdown level)

ETH must reclaim $2,450+ with volume to shift short-term momentum.

5. What’s the Most Likely Scenario?

Base Case (Most Probable)

Sideways to weak bounce between $2,100 – $2,400

Volatility compresses

Market waits for macro or BTC confirmation

Bear Case

Loss of $2,100

Fast move toward $1,900

Panic selling accelerates briefly

Bull Case (Needs Confirmation)

Reclaim $2,450

Hold above it on daily close

Target $2,650 – $2,700

Without that reclaim, bullish narratives remain counter-trend.

Final Trader Take

ETH is currently:

In a daily downtrend

Showing early signs of seller exhaustion

But still below all major resistance levels

This is a decision zone, not a buy-and-forget area.

Strong hands wait for confirmation.

Weak hands chase green candles.

For now, ETH needs to prove strength above $2,450 — until then, risk remains tilted to the downside.

If you found this helpful then please follow like and comment on it thanks 👍

#TrumpEndsShutdown #USIranStandoff #KevinWarshNominationBullOrBear #xAICryptoExpertRecruitment #GoldSilverRebound