๐จ Ethereum Breakdown Alert โ Can the Bulls Hold the Line?
Ethereum recently climbed past $2,450 and even touched $2,520, giving bulls a glimmer of hope. But that momentum didnโt last long. The price has started to reverse, and a key bullish trend line at $2,450 has been broken on the hourly chart โ a bearish signal that canโt be ignored.
๐ ETH is now hovering above the critical $2,400 zone and still holding the 100-hour moving average. But if it fails to stay above $2,320, we could see a deeper drop towards $2,250 or even $2,150.
๐ On the technical side:
The RSI has dropped below 50 โ showing fading bullish strength.
MACD is losing momentum โ a sign that sellers are gaining control.
๐ผ On the upside, ETH faces resistance at $2,520 and $2,550. A clear move above these levels could open the door to $2,600, with the next targets at $2,720 and $2,800.
๐ Itโs a key moment for Ethereum โ bulls must defend $2,320 or risk a bigger correction.
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