🚨 ETH at the Cliff: Bounce or Breakdown to $1,600? 📉
The Ethereum ($ETH) chart is currently a battlefield. After a volatile start to 2026, we are seeing a massive tug-of-war at the $2,000 support level. If you are trading ETH today, you cannot afford to ignore these levels.
🔍 Technical Breakdown: The "Make or Break" Zone
Ethereum has been under intense pressure due to leveraged liquidations and a cautious shift in institutional sentiment. Here is what the charts are telling us:
Major Support: $1,900 – $2,000. This is the "Line in the Sand." A daily close below this could trigger a fast slide toward $1,600.
Immediate Resistance: $2,200. Previously a strong support, this has now flipped into a "Supply Zone." We need a high-volume breakout here to turn bullish.
The "Bull" Target: If we reclaim $2,200, the next stop is the $2,500 – $2,600 region, where the 200-day EMA currently sits.
💡 My Trading Strategy
I am currently staying cautious. I'm looking for a "Double Bottom" formation on the 4-hour chart near $2,000 before considering a long position. If the selling volume continues to spike, I’ll be hedging with short positions toward the $1,750 level.
Pro Tip: Watch the $BTC pair. If Bitcoin remains stable while ETH drops, it shows an ETH-specific weakness that could lead to a deeper altcoin correction.
🚀 What’s your move?
Are you Buying the Dip 🟢 or Waiting for lower levels 🔴? Let me know in the comments!
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