$ETH is bleeding and nobody is talking about the real reason.
$2,315. down 0.7% today. down while btc is green. that divergence tells you everything.
the kelpdao hack wiped $292M from Defi this week. AAVE coordinated an emergency response. jpmorgan just published a report saying Defi still isn't safe for institutions. eth is caught in the crossfire.
levels that matter:
Breakout level: $2,500 with volume
Resistance: $2,440 / $2,500
Support: $2,200 / $2,050 (key macro level)
Trap: eth bounces to $2,400, degens go long, another defi exploit hits, drops back to $2,150.
Plan:
no longs until $2,500 holds on 4H.
if $2,200 breaks, short is live. target $2,050.
patient traders win here. eth needs a clean narrative reset.
fear is not a signal. structure is.
LONG / SHORT / WAIT 👇
#Ethereum #ETH #DeFi #MarketStructure #ETHTrading