Technical Breakdown: $ETH Loses Key Support as Sell Pressure Mounts
The Trade Plan:
Entry Zone: 2260 – 2300
Stop Loss: 2360
Target 1 (TP1): 2200
Target 2 (TP2): 2120
Target 3 (TP3): 2000
ETH is displaying a clear shift in market structure, failing to maintain the pivotal $2,300 level. With a consistent pattern of lower highs and significant ETF outflows weighing on sentiment, the technical outlook has turned decidedly bearish. We are now looking to capitalize on this momentum shift as the price tests the breakdown zone.
The breakdown below $2,300 signals an acceleration of the corrective phase. Ensure you are managing risk tightly and watching for a clean rejection at the entry zone before committing.
Is this the beginning of a deeper correction for Ethereum, or do you expect a quick reclaim of the support level?
Trade $ETH here
