Ethereum Breakdown in Progress – Will the Next Support Hold?

Ethereum (ETH) is currently breaking below the ascending trendline, signaling a potential further downside. The price is testing the first blue support zone, and if this level fails to hold, ETH is likely to drop towards the next major support area around $1,400.

Key Levels to Watch:

🔹 First blue area (~$2,100–$2,300): ETH is currently breaking below this zone. If confirmed, the downtrend will likely accelerate.
🔹 Next blue area (~$1,350–$1,450): If the first support breaks, ETH could decline further to this key historical level.

Bearish Confirmation:

Trendline Breakdown: ETH has already fallen below the long-term ascending trendline, indicating a shift in structure.
Break & Retest: A failed recovery above $2,300 would confirm a further downside.
Traders should watch for a weekly close below $2,100 to confirm the breakdown. If buyers step in and reclaim $2,300, a relief bounce could occur.