🚨 Ethereum Near $2,132 - But Now Traders Are Watching $2,087
Ethereum is sitting at a very important point right now. $ETH needs to break above $2,132 quickly to keep the current bounce alive, while $BTC still sets the broader risk mood for the market.
Right now, the chart is all about confirmation. A move above $2,210 would be the first real sign that buyers are returning, because this level matches the 0.382 Fibonacci zone from the $1,799 low to the $2,464 high.
The bigger picture gets even more important near $2,307. If Ethereum can reclaim that level, the bearish setup starts to lose strength. And if ETH moves back above $2,464, the whole pattern gets invalidated.
💡 The key support now is $2,087. Why? Because this is the neckline of the formation. A daily close below it would confirm the breakdown and open the door to a measured move toward $1,690.
⚡ But the risk is not confirmed yet. Until Ethereum clearly loses $2,087, the handle bounce is still alive. For now, ETH is between two paths - recovery toward $2,210, or a deeper slide toward $1,690.