Just checked the charts and ETH is getting hammered right now. Dropped to $2.13K after that brutal weekend selloff. Liquidations hit hard - we're talking $266M in forced closures, mostly longs getting wiped. The fear index is basically screaming panic, which honestly happens before the next bull run in crypto more often than people think.

Here's what caught my eye though: the weekly structure still looks solid. Yeah, daily momentum is bearish as hell, but we haven't broken the major long-term support yet. Institutions are actually buying the dip - Bitmine grabbed over 132K ETH last month despite everything tanking. That's the kind of move that matters for the next bull run.

The $2,100 zone is basically make-or-break territory now. Dense liquidity cluster sitting right there. If we hold above it, this could just be a healthy correction within the bigger bullish structure. Drop below $2K and we're probably looking at deeper pain. Either way, watching how crypto markets react at this level will tell us a lot about whether we're setting up for the next bull run or if there's more capitulation coming.