$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 That Matter
Resistance Zones
$2,250 to $2,300 → Previous support, now resistance
$2,450+ → Major supply / breakdown area

Support Zones
$2,050 to $2,080 → Immediate demand zone
$1,980 to $2,000 → Strong downside support if selling continues

These are reaction zones, not predictions.

Bullish Scenario (Only If This Happens)
ETH holds above $2,050.
Price starts forming higher lows on 1H.
Clean reclaim and hold above $2,250.
If this happens, a relief move toward $2,400 to $2,450 is possible.
Still, this would be a bounce, not a full trend reversal.

Bearish Scenario (High Risk Zone)
ETH loses $2,050.
Weak bounce gets rejected below resistance.
Price moves toward $2,000 or even below.
Below $2,000, the chart opens more downside pressure.

Final Thoughts
ETH is oversold, but oversold does not mean bullish.
This is a decision zone, not a place for blind longs or emotional shorts.
Smart traders wait for confirmation.
Impatient traders pay the price.

Do you think ETH defends the $2k zone, or is this just a pause before the next leg down?