The price of Ethereum ($ETH ) has sharply declined towards the $2800 area, and this movement seems to be primarily due to the liquidation of positions and stopping losses rather than a gradual structural decline. The current phase is critical, as the upcoming scenario depends on the buyers' ability to defend this area.

If the price succeeds in stabilizing, the possibility of a rebound towards higher levels remains, while failure to maintain support may open the door to test deeper liquidity.

Key levels to watch:

Support: $2800 – $2770

Deep demand area: $2720 – $2700

Retracement area: $2900 – $2940

Upside targets: $3020 → $3150 → $3300

Potential scenarios:

Stability above $2770 supports a gradual recovery scenario.

A decisive break below $2770 could accelerate the movement towards $2700 where liquidity is gathered.

The panic was swift… but the structural framework is the judge now.

The structure is more important than the noise.

👉 $ETH