$ETH Holding Support or More Downside Ahead...??
$ETH remains under selling pressure after failing to hold above the recent recovery highs. Price is now hovering around the $1,560-$1,570 support zone, where buyers are attempting to slow the decline.
If bulls reclaim $1,580-$1,600, a recovery toward $1,610-$1,620 is possible. However, if $1,560 fails to hold, price could revisit the $1,550 area before finding stronger demand.
For now, the short-term trend remains bearish, and buyers need to reclaim key resistance levels to confirm a meaningful recovery.
$ETH remains under selling pressure after failing to hold above the recent recovery highs. Price is now hovering around the $1,560-$1,570 support zone, where buyers are attempting to slow the decline.
If bulls reclaim $1,580-$1,600, a recovery toward $1,610-$1,620 is possible. However, if $1,560 fails to hold, price could revisit the $1,550 area before finding stronger demand.
For now, the short-term trend remains bearish, and buyers need to reclaim key resistance levels to confirm a meaningful recovery.