Post
Bullish

$ETH Update



ETH was rejected again from the $2,530-$2,560 resistance zone and has now broken below the $2,430 support shown on the chart. The next key area is around $2,370-$2,380, near the lower trendline.

The liquidation heatmap also shows a large liquidity cluster around $2,400, which could act as a magnet if selling continues.

With the CLARITY Act failing to get the required 60 Senate votes, the broader crypto market is also under pressure today.

For now, I'd watch $2,400-$2,380 closely. A reclaim of $2,430 would weaken the bearish setup; losing $2,380 could open the door to a deeper correction.

Still bearish until #ETH proves otherwise.
#GateSquareMidAutumnReunion
#ShareWeekly
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ETHETH-1.90%

  • 2

Add a comment
Add a comment

Comment
L2NightCourier
2 days ago
The CLARITY bill failed to pass, putting the entire market under pressure, and ETH is unlikely to remain unaffected.
0View Original
MintSpeedSkater
2 days ago
If $2,370 fails to hold, the downside will open up.
0View Original
GasWelfare
2026-09-16
That $2,400 liquidity cluster on the liquidation chart really does look like a magnet—the shorts are probably eyeing this juicy target.
0View Original
BorderlessSaver
2026-09-16
Gate’s Mid-Autumn Festival campaign is still going on, and with the market in such bad shape, it’s a bit tough to bear.
0View Original
PositionMicroscope
2026-09-16
It’s an observation period for now; there’s no rush to buy the dip early—wait for confirmation signals.
0View Original
ArbitrageBTC
2026-09-16
The lower boundary of the trendline at $2,380 is key; if it breaks, consider reducing your position.
0View Original
EliteConnoisseur
2026-09-16
“Bearish until proven otherwise”—well said. Respect the price action.
0View Original
GoldenCrossHunter
2026-09-16
First Review
Waiting for a recovery of $2,430; otherwise, the bearish structure remains unchanged.
0View Original