#ETH Update
The bearish drop completely collapsed through the February Lows and hit our main downside target—the Weekly Order Block at $1,570.59
The Make-or-Break Zone: We are sitting directly inside a major institutional buying area. If the weekly candle body closes below this zone, expect much deeper drops. If buyers defend it, a relief bounce begins.
Overhead Resistance: If a bounce starts, the key levels where sellers are waiting sit at $1,747 (Feb low) $1,938 (0.5 Fib) and the $2,111 – $2,180 premium zones.
The Strategy: Do not blindly catch a falling knife here. Wait for a clear Market Structure Shift (MSS) on lower timeframes to confirm smart money is actually stepping in to buy.
Monitoring the daily close closely.
@cryptosignals
Post #7282
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Crypto Signals #ETH 1D Technical Overview Current Action: Severe bearish expansion actively trading down to $1,781.58. Liquidity Sweep: Testing the critical SSL & February Low boundary. A daily close below confirms a macro structural breakdown; a sharp lower-timeframe…
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