🟪Ethereum is struggling to hold above a key support level amid growing volatility and sustained selling pressure. After pulling back from the $2,745 mark, the price has dropped to the $2,420–$2,450 zone, aligning with a significant Fibonacci level and the 200-day EMA. This makes the current price a critical inflection point for determining the next trend direction.
🟪Technical indicators suggest a weak rebound, but no sustained upward momentum is visible. Both the RSI and MACD show signs of short-term relief, yet the lack of volume and a failure to break above $2,540 leave Ethereum vulnerable. The next 24 hours will be crucial in defining the asset’s directional move.