#ETH Market updates
$2,500 Support Gone:
Previously a strong support in May-June & November last year.
This time bulls didn’t defend it — price sliced through effortlessly.
Heavy Sell Pressure:
ETH dropped past $2,100 swing level without bouncing.
Daily RSI hit 18.68 on Feb 5 — most oversold since Aug 2024.
OBV made new lows → serious selling volume behind the move.
Liquidity Zones:
Most liquidity below current price already cleared.
Big potential support further south: $1,500.
Clustered liquidity above: $2,400 and $2,700-$2,900 — likely bounce/sell zones.
Key Levels to Watch:
$2,100 & $2,400 critical.
$2,400 demand zone already failed → bounces are opportunities to sell, not buy.
Market Context:
ETH / BTC at 3-year low → Ethereum is underperforming the market.
$2,000 psychological level broken → bulls need to prove strength.
Bottom Line:
ETH is showing extreme bearish momentum. Bounces may happen, but resistance is strong — this is a market where hope trades can burn you.
#RiskAssetsMarketShock #ETH🔥🔥🔥🔥🔥🔥
