From TradingView · · 40s
Ethereum drops into key support zone
Will buyers hold Ethereum above 2,390?
In brief
Will buyers hold Ethereum above 2,390? Ethereum needs to hold above 2,390 to avoid further decline Originally reported by TradingView.
Current price action
Ethereum dropped to 2,390 after a sharp rejection from recent highs.
Market structure
Ethereum remains bearish on the 4-hour chart with sellers controlling the market.
Key support zone
Buyers are trying to hold price above 2,390 to prevent further selling.
Bullish scenario
If Ethereum breaks above 2,470, buying momentum could push it toward 2,520.
Bearish scenario
If Ethereum falls below 2,390, sellers could extend the decline toward 2,350.
Here's the gist
Ethereum needs to hold above 2,390 to avoid further decline
