MARKET UPDATE: $ETH
$ETH decisively broke below its multi-week range support around 2,650, accelerating downside momentum. Price is now trading near 2,530, representing a drawdown of roughly 25% from the range highs near 3,400.
As long as ETH remains below the broken range, market structure stays bearish. Any bounce into 2,650–2,700 should be treated as corrective unless reclaimed and accepted.
