ETH/USDT Analysis: Support Zone Under Pressure After Sharp Pullback



$ETH is currently trading around 2260 USDT, down -3.15%, with price now testing an important support region after the latest market-wide correction.

Market Structure

Ethereum lost short-term bullish momentum after failing to stay above the 2300 area. Right now price is moving inside a corrective structure, but buyers are still trying to defend the 2240–2260 support band.

Key Levels

Resistance: 2288 – 2308
Support: 2240 – 2215

If ETH manages to reclaim 2288 and hold above 2308 with volume support, recovery momentum may continue toward higher Fibonacci zones. But losing 2215 could increase bearish pressure and extend the correction lower.

Indicators

RSI cooled significantly after recent weakness and is now approaching neutral territory.
MACD momentum turned negative during the sell-off, showing reduced buyer strength.
EMA structure remains positive on higher timeframes, but short-term pressure is increasing.

Market Interpretation

Volume increased during the decline, showing active profit-taking and defensive positioning across the market. Current structure still looks recoverable unless major support zones fail.

$ETH ‌ ‌

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ETH-2.29%
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discovery
· 2h ago
LFG 🔥
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discovery
· 2h ago
To The Moon 🌕
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discovery
· 2h ago
2026 GOGOGO 👊
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