Current price is around $2,105. ETH is still inside the bigger expanding falling wedge structure, but right now price is testing the support line. If bulls defend this area, we can still see a strong recovery back toward $2,250 to $2,650.
But if ETH breaks below this ascending support and we don’t see bullish power, then there’s a chance of a deeper drop toward $1,650 first.
Worst-case scenario, if the market gets weak and ETH loses the main structure badly, we could see a wick into the $1,250 to $1,090 demand zone before a stronger recovery.
For now, the main level is simple: ETH needs to hold around $2,050 to $2,100. If this area fails, the chart can get much uglier before any real bullish move.
ETHUSDT
Perp
2,137.79
+0.72%