Emergency update $ETH : Have we broken the decisive support? 📉⚠️
Ethereum is currently down to $2,137, a drop of 1.3% over the past few hours. Here’s a quick look at the chart:
🔍 What’s happening now?
The price is currently trading in the "Nerve Test" zone for traders. After failing to stabilize above $2,200, we are now monitoring the following liquidity levels.
📉 Support levels:
The next solid support is at $2,100.
If this level is breached, we could see a quick visit to the $2,050 areas.
🚀 Resistance levels:
To prove positivity again, we need to close a 4-hour candle above $2,180.
💡 Point of view:
Technical indicators such as (RSI) are starting to approach the "oversold" zones, which may indicate an opportunity for a simple rebound from the speculator (Scalp), but caution is advised before confirmation#Binance .