Ethereum Faces Key Inflection — Rejection Signals DownsideEthereum / TetherUSBINANCE:ETHUSDTThe_Alchemist_Trader_Ethereum price action is currently trading at a critical inflection point, where multiple technical factors are aligning to form strong resistance. This region includes the 0.618 Fibonacci retracement and VWAP resistance, both acting in confluence. A clear rejection from this zone on the daily timeframe has led to a deviation above the current range, with price now showing signs of weakness. Key Technical Points: 📌 Major Resistance: $2,227 level acting as rejection zone 🔥 Confluence Zone: 0.618 Fibonacci + VWAP resistance 📉 Downside Target: $1,580 key support level From a structural perspective, Ethereum has failed to sustain acceptance above this key resistance, indicating that sellers remain in control at higher levels. The deviation above range highs followed by rejection suggests a potential bull trap scenario, increasing the probability of downside continuation. As long as price action remains below $2,227, the market is likely to enter a corrective phase. This opens the path for a move toward $1,580, which serves as a major support level and potential area for demand to step back in. In the short term, Ethereum appears vulnerable to further downside, with any relief rallies likely to face resistance unless a clean reclaim of the $2,227 level occurs.