ETH is structurally weaker than BTC. Massive breakdown below major support (~$2.4K zone). Now hovering around ~$1.9K–$2K support. Strong sell volume confirms distribution happened. Implication: If ETH holds this zone: Possible base formation If ETH loses ~$1.9K: Next major support sits much lower ETH needs time to rebuild strength.
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ETH/USD
ETH is structurally weaker than BTC.
Massive breakdown below major support (~$2.4K zone).
Now hovering around ~$1.9K–$2K support.
Strong sell volume confirms distribution happened.
Implication:
If ETH holds this zone:
Possible base formation
If ETH loses ~$1.9K:
Next major support sits much lower
ETH needs time to rebuild strength.