$ETH !!! 🚨
ETH Crashes to 1,625: Is This the Bottom Before 2,500?
#ETHUSDT is down 5.48% today at 1,666.90 after wicking to 1,625.78, printing a new local low.
That wick swept the exact 1,625.78 level and got bought fast with 1.28B USDT in 24h volume. Sellers pushed ETH 32% off the 2,464.91 high, but we just tapped major support near 1,625 and 1,755.
The chart shows a clear liquidity grab below 1,755.92 with an instant recovery. The yellow path suggests a bounce to 2,137.65 first, then a retest, then continuation to 2,506.87 if 1,937.02 breaks.
📊 Key levels to watch:
1,625.78 must hold for bulls. Lose it and we likely see 1,550. Reclaim 1,768.43 and the relief rally to 1,937.02 opens up fast.
Is this the capitulation wick before ETH runs back to 2,500, or just another lower low?
#ETH #Ethereum Trade from here before DYOR 👇