$ETH ETH Crashed Hard, Now the Real Test Begins
Ethereum has taken a sharp hit and is now trading around $2,400.
The drop was fast. Emotions are high. This is where traders usually make mistakes.
Let’s slow it down and read the chart properly.
Current Market Structure (1H)
ETH is clearly in a strong short-term downtrend.
Price is staying below all major moving averages. That shows sellers are still in control.
The recent low near $2,238 is important. Price bounced from there, but the bounce is weak for now.
This is not a bullish structure yet.
Key Levels That Matter
Resis