This suggests that Ethereum may again be at risk of dropping below the psychological $2,000 level, especially with tensions between the U.S. and Iran still high. Iran has rejected the U.S. proposal for a ceasefire and has outlined five conditions that the U.S. must meet before it can end the war.
The Current Setup For ETHA daily close below this support zone could invalidate the case for a bullish reversal and open further downside toward the $1,300 accumulation zone. Crypto Patel said that patience is key and that there is no confirmation for longs until Ethereum reclaims $2,500 with strength. Until then, ETH remains range-bound within a bearish bias, with the potential for another liquidity sweep.
