$ETH ‌ETH is still facing pressure after a strong rejection from its recent high. The market is in a corrective phase and has not established a clear trend yet. The price is reacting near an important demand zone.

Chart 1: Support-Based Recovery Scenario

Key Support Zones
Major Support: 2,600–2,620
Minor Support: 2,630–2,650

Key Resistance Zones
Immediate Resistance: 2,700–2,720
Upper Resistance: 2,780–2,850

Structure Explanation
ETH bounced off the 2,600 area, which has previously served as support. As long as the price stays above this zone, a short-term recovery is possible. If ETH breaks and holds above 2,700, buyers may push the price toward 2,780 and eventually 2,850. This movement would still be corrective unless the structure changes clearly.

Chart 2: Breakdown & Continuation Scenario

Key Resistance Zone
Supply Zone: 2,700–2,720

Key Downside Levels
Main Support: 2,600
Next Support: 2,520
Extended Support: 2,450–2,400

Structure Explanation
ETH continues to form lower highs, which puts pressure on the price. If it fails to reclaim 2,700, sellers may maintain control. A clear breakdown below 2,600 can lead to 2,520 first. If weakness persists, 2,450–2,400 becomes the next demand zone.

Final View
ETH is at a decision point. Support is holding for now, but there is no confirmation of a trend. Strength above resistance favors recovery. A failure at resistance favors a continuation downward.