$ETH price remains under pressure, trading around ~$1,900–2,000 after breaking key support levels. �
CoinCodex +1
Crypto markets broadly are bearish recently, with Bitcoin and other major assets sliding and dragging ETH down. �
MarketWatch +1
Fear & Greed index remains in extreme fear, indicating pessimistic sentiment. �
CoinCodex
📊 Technical Levels to Watch
Supports: ~$1,900–2,200 zone is critical – failure could open deeper downside. �
CoinCodex +1
Resistances: ~$2,100–2,200 first, then ~$2,400–2,700 if recovery begins. �
CoinCodex
A decisive break above resistance zones could trigger short squeezes and technical rebounds (though not yet confirmed). �
CoinMarketCap
📈 Short-Term Forecasts
Some algorithmic predictions suggest minor rebounds toward $2,100–$2,200 in the next few days — a ~10% upside if the market stabilizes. �
CoinCodex
Other technical views still see strong bearish momentum unless volatility eases. �
ZebPay
🧠 Macro & Market Drivers
The crypto downturn is tied to risk-off sentiment and macro uncertainty, including upcoming inflation data that markets await. �
Barron's
Institutional flows (ETFs/investors) could later support prices if risk appetite returns, but near-term sentiment is cautious. �
CoinMarketCap
📌 Key Takeaways
Bearish scenario: ETH stays below $2,200, potentially sliding to lower supports if risk appetite remains weak. �
Bullish possibility: A stabilization and reclaiming of resistance levels could spark a technical bounce — but breakthroughs aren’t confirmed yet. �
CoinCodex
CoinMarketCap#ETHETFsApproved #ETHMarketTrends
