Over the past 24 hours, Ethereum has rejected from its $2,550 resistance zone, triggering a structural breakdown. This region includes the 0.618 Fibonacci retracement, the point of control, and a major high time frame resistance level that has held for more than a week. If momentum fails to return, Ethereum may be setting up for a deeper rotation toward $2,220. Ethereum’s (ETH) recent attempt to push beyond $2,550 has once again failed, reinforcing this level as a key battleground for bulls and bears. The rejection has resulted in a short-term market structure break and the formation of a new local…
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