$ETH Market Update 🚨
#Ethereum is defending a critical support zone after a -3.09% decline, showing signs of stabilization.
Trading at $2,301, $ETH is hovering just above the crucial $2,251 support level. This zone represents a major battleground that must hold to prevent further downside.
Key Technical Levels:
· CRITICAL SUPPORT: $2,251 (24h low) - MUST HOLD
· Immediate Resistance: $2,301 - $2,320
· Recovery Target: $2,387 if bounce occurs
Market Context:
The substantial $1.66B trading volume** indicates high market participation at these levels. Despite the decline, ETH is showing resilience above the $2,250 psychological level.
Short-Term Outlook:
A bounce from $2,251 could trigger a relief rally toward $2,320. However, a break below this critical support might accelerate selling pressure toward $2,160.
The ability to hold above $2,250 will be decisive for Ethereum's near-term trajectory.
