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01/10 11:51

Ethereum Risks a Drop to $2,600 if Key Support Bre

Ethereum Risks a Drop to $2,600 if Key Support Breaks Crypto Daily™ / Crypto Daily / 33 minutes ago  Ethereum is facing renewed downside pressure after failing to break through a key resistance zone. Recent price action reinforces a broader bearish structure that has remained in place since late 2025, increasing the risk of a deeper correction if critical support fails. This analysis is powered by Outset PR, where crypto communication strategy meets data-driven intelligence. ETH Rejected at Major Resistance ETH was rejected near the $3,300 level, an area reinforced by multiple technical barriers. This zone aligns with the 50-day simple moving average at $3,154 and the 23.6% Fibonacci retracement near $3,288, making it a high-confluence resistance region. The rejection signals that buyers currently lack the strength to reclaim higher levels and shift market structure in their favor. Momentum indicators offer limited support for a bullish reversal. The daily Relative Strength Index sits at 56.99, placing ETH in neutral territory without signaling either exhaustion or strong continuation. At the same time, trading volume declined around 2% during the pullback, suggesting reduced participation rather than aggressive accumulation. This combination points to weakening conviction among buyers near resistance. Bearish Structure Still Intact Ethereum continues to form lower highs since its October 2025 peak near $4,700. This descending structure remains unbroken and defines the current medium-term trend. For bulls  #HTX Year-End Carnival: 150,000 USDT Over 28 Days! #Love & Consensus: The Heart of $Broccoli #Claim1,200 USDT in the Monthly Creation Challenge

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