ETH Continues To Weaken… Is The 0.618 Fib Becoming A Magnet?Ethereum / TetherUSBINANCE:ETHUSDTDukesMarketAnalysisFormer support now acting as resistance • ETH has now lost the important $2,220 region, which previously acted as support throughout the recent rally • Bulls now need a reclaim of this area to start shifting short-term momentum back upwards 0.618 Fib becoming the next key level • The next major area sits around the $2,021 0.618 Fib retracement from the recent daily swing • If weakness continues, price could naturally gravitate towards that region as sellers remain in control Momentum indicators still favour bears • RSI remains below 50, showing bearish momentum still dominates the daily timeframe • StochRSI is deeply oversold, though oversold conditions alone do not guarantee a reversal Bigger structure still at an important point • ETH is still well above the major $1,747 swing low, meaning the broader recovery structure has not fully collapsed yet • However, the developing double-top formation near $2,465 continues to look concerning unless bulls can reclaim resistance soon In Summary ETH continues to look heavy after losing the key $2,220 support region, with sellers still controlling the short-term trend. The 0.618 Fib level around $2,021 now stands out as the next major area of interest if weakness persists. Momentum indicators remain bearish overall, while the recent double-top structure near the highs continues to weigh on sentiment. Bulls will likely need a strong reclaim of former support soon to prevent further downside pressure from building.