$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.