Ethereum ($ETH ) has entered a critical phase after slipping below the key $2,500 psychological support, raising fresh concerns across the crypto market. This breakdown has shifted short-term momentum in favor of bears, while traders closely watch whether buyers can defend the next demand zones.
đ What Caused the Drop?
The recent decline in $ETH price comes amid:
Broader market weakness, with Bitcoin struggling to hold higher levels
Profit-taking pressure after ETHâs previous rally
Reduced trading volume, signaling cautious sentiment among investors
Breaking below $2,500 has weakened confidence, turning this level into a new resistance zone.
𧱠Key Ethereum Support Levels to Watch
If selling pressure continues, ETH could test the following support areas:
$2,420 â $2,400: First short-term support, where buyers may attempt a relief bounce
$2,300: A strong historical demand zone and crucial level for bulls
$2,150 â $2,100: Major macro support; losing this could trigger deeper correction
Holding above these levels is essential to avoid a broader bearish continuation.
đ Bullish vs Bearish Scenario
Bullish Case: If $ETH reclaims $2,500 with strong volume, a recovery toward $2,650 â $2,700 could follow.
Bearish Case: Failure to hold $2,300 may open the door for a move toward $2,100 or lower.
đ Market Outlook
Ethereumâs next move will likely depend on overall market sentiment, Bitcoinâs direction, and on-chain activity. For now, caution dominates, and traders are advised to manage risk carefully.
đŹ Do you think Ethereum will bounce from current levels, or is a deeper correction still ahead? Share your view in the comments!