$ETH Daily Chart Analysis 📉

Ethereum isn't just dipping — it's testing market conviction.

After failing to reclaim the $2.4K resistance zone, sellers took full control, triggering a sharp breakdown through multiple support levels. The recent waterfall move below $1.8K confirms strong bearish momentum, while the bounce from the lows remains weak and unconvincing.

🔍 Key Levels

➺ Resistance: $1,700 – $1,750
➺ Major Resistance: $1,900 – $2,000
➺ Support: $1,550 – $1,600
➺ Breakdown Target: $1,450

📊 What the Chart Shows
➺ Lower highs and lower lows continue to dominate.

➺ High-volume selloff suggests panic-driven liquidation.

➺ Current rebound looks more like relief buying than trend reversal.

➺ Bulls must reclaim $1.8K+ to shift short-term sentiment.

⚠️ Market Structure As long as ETH remains below the $1,900 zone, the trend favors sellers. Any short-term recovery could simply be a retest of broken support before the next major move.

The real question isn't whether ETH can bounce.

It's whether buyers have enough strength to turn this crash into a bottom instead of a pause before another leg down. 👀

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