$ETH — clean breakdown setup forming.

4H structure is showing weakness across the board. Rejection from $2,420 shifted momentum, and now price is consolidating under key levels.

Current view:

Lower highs + price below MAs + indicators turning bearish = weak structure.

Key levels:

Resistance: $2,340 – $2,350

Major resistance: $2,400 – $2,420

Support: $2,300 → $2,250 → $2,200

Scenarios:

🔻 If $2,300 breaks → continuation toward $2,250 / $2,200

🔺 If $2,350 is reclaimed → squeeze back to $2,400+

Right now this looks like bearish consolidation before the next move.

No rush — let the level break confirm direction.

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ETH
ETHUSDT
2,343.86
+1.51%