Ethereum Daily Market Update
Ethereum is coming off a violent sell-off followed by weak stabilization, not a true recovery. The drop was fast and emotional, showing forced selling and fear, not a gradual trend shift. After that move, price has gone sideways, which tells us sellers are no longer aggressive, but buyers also lack confidence. This keeps $ETH in a bearish environment with a temporary pause, not a confirmed bottom.
From a market structure point of view, the higher timeframe remains damaged. ETH lost key value areas and is still trading below them. Until those areas are reclaimed, the market should be treated as sell-the-bounce or wait, not buy-the-dip. On the lower timeframe, price is compressing into a tight range, usually a sign the market is deciding between continuation lower or a deeper relief bounce.
Key support sits around 2,160–2,200, where selling pressure slowed. This zone is critical. If it breaks, downside opens toward 2,050–2,000, where stronger buyers may attempt defense.
Resistance is layered at 2,280–2,320, then much stronger at 2,450–2,500, which is previous broken structure and likely a sell zone.
Volume supports caution. Selling came with expansion, but the bounce did not. This imbalance shows demand is weak and rallies are fragile.
Sentiment remains unstable. Fear has cooled, but confidence has not returned, increasing the risk of chop and overtrading.
If long: manage defensively and respect resistance.
If short: bias remains valid below resistance, manage risk tightly.
If flat: waiting is a professional decision.
Mindset today: protect capital, stay patient, react — don’t predict.
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