$ETH ETH Slipped Below Key Levels. This Is the Real Decision Zone.
Ethereum just took another hit and is now trading around $2,120.
The drop was fast.
The structure broke.
This is where most traders start forcing trades.
Let’s slow it down and read the chart properly.
Current Market Structure (1H)
ETH is in a clear short-term downtrend.
Price is printing lower highs and lower lows after failing near the $3,000 region.
The recent low around $2,060 is critical. Price bounced from there, but the bounce is weak and corrective.
This is not a bullish structure yet.
Key Levels