Did ETH just drop, and is a bigger drop coming?
What just happened?
ETH fell sharply today, breaking below the $3,600 support level. The strong red candlesticks indicate that sellers are in full control.
Where's next?
If ETH can't hold above $3,540, it could fall to:
$3,490 (first support level)
$3,430 (key area)
$3,360 (ultimate bear market target)
But if ETH rebounds and quickly climbs back above $3,600, it could trap sellers and trigger another rally to $3,700.
Short Trade Setup:
Entry Price: $3,560 - $3,580
Stop Loss: $3,620
Target Price 1: $3,490
Target Price 2: $3,430
Target Price 3: $3,360
Market Outlook:
ETH is currently trending weak. If there is no short-term rebound, we may see more bearish candlesticks in the coming days.