Ethereum Short Analysis 📉 $ETH
Ethereum is currently exhibiting increased fragility as it faces sustained pressure beneath the key $2,500 support level. The immediate forecast shows intensified bearish momentum, testing local lows near $2,420 (approximately PKR 672,810). The technical setup is further deteriorated by a confirmed death cross on the daily 50-day EMA and a significant loss of volume support. Failure to defend this floor could lead to a swift retest of the critical $2,300 psychological floor. Conversely, a decisive recovery above $2,700 is necessary to shift market sentiment toward neutral and validate a potential reversal.
Key Support: $2,300
Key Resistance: $2,700
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