$ETH (Ethereum) Technical Analysis: Testing Support Amid Market Volatility 📉

​Entry Zone: $2,175 – $2,200
Bullish Above: $2,250
Target 1 (TP1): $2,280
Target 2 (TP2): $2,320
Target 3 (TP3): $2,400+
Stop Loss (SL): $2,150

​$ETH is currently showing a bearish bias on the 4H chart, trading at $2,209.86 with a daily decline of -4.00%. The price action indicates a rejection from the 24h high of $2,308.00, leading to a retest of the immediate support zone near the 24h low of $2,175.00. The current candlestick formation suggests a period of consolidation as the market searches for a definitive floor.

​The 24h trading volume is robust at 250,353.15 ETH, totaling approximately $556.06M USDT. This high volume during a price dip underscores the significant participation and liquidity within the Ethereum ecosystem. For a bullish reversal, $ETH needs to reclaim and stabilize above the $2,240 level; failure to hold the current support could result in a deeper correction toward the $2,100 psychological range.

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