Just watching ETH right now at $2.16K and honestly the $2.1-2.2K zone is everything. We dumped hard over the weekend, lost like 17% from the weekend high, but here's what's interesting - the weekly chart still looks bullish structurally. So is the bull run over? Not necessarily, but this level will tell us a lot.

The liquidations were brutal, over $266M got wiped out with most being long positions. That's the kind of cascade selling that kills momentum fast. Plus sentiment hit extreme fear levels (Fear and Greed at 15), which honestly usually shows up near bottoms. I'm also noticing institutional players like Bitmine actually kept buying through this drawdown, which suggests they're not panicking.

The thing is, if we hold above $2.1K and close this week above $1,383, the longer-term bullish structure stays intact. But if we break below $2K decisively, we could be looking at a deeper move toward $1.3K. Right now every trader is watching this exact zone. The next move here probably decides whether is the bull run over or just a nasty correction we're shaking out of. Technical levels don't guarantee anything, but this is the line in the sand.