ETH Drops into Key Support — Will Buyers Defend This Zone?Ethereum / US DollarCOINBASE:ETHUSDYong726Market Structure Ethereum remains in a bearish market structure on the 4-hour chart after a sharp rejection from recent highs. The latest decline has pushed price back into an important support zone, where buyers are trying to slow selling pressure. However, the overall trend remains weak until ETH can reclaim key resistance. Market Sentiment - Bearish Market sentiment remains bearish. Lower highs and the recent impulsive decline suggest sellers are still in control, although short-term buying interest has emerged around current support. Bullish Scenario If ETH holds above 2,390 and breaks above 2,470, buying momentum could improve and drive price toward the next resistance around 2,520. A sustained move above that level would suggest the current correction is losing strength. Bearish Scenario If ETH breaks below 2,390, sellers could extend the decline toward the next support near 2,350. A decisive break below that level would reinforce the broader bearish structure. ──────────────────── Market Outlook Ethereum is attempting to stabilize after a strong sell-off. While buyers are defending the current support zone, the broader trend remains under pressure until price reclaims nearby resistance. ──────────────────── Key Levels First Resistance: 2,470 Second Resistance: 2,520 First Support: 2,390 Second Support: 2,350 ──────────────────── Future Scenarios A break above the First Resistance would indicate improving momentum and could open the way toward the Second Resistance. However, if price falls below the First Support, sellers may extend the decline toward the Second Support. ──────────────────── Event Risk Ethereum may remain sensitive to Bitcoin price movements, U.S. macroeconomic data, Federal Reserve expectations, ETF-related flows, and overall crypto market sentiment. However, price action remains the key indicator. If positive news cannot lift ETH above the First Resistance, upside momentum may remain limited. Conversely, if ETH breaks below the First Support despite supportive headlines, it would suggest sellers remain firmly in control. ──────────────────── Please share your view below: Do you expect Ethereum to rebound from current support, or will the downtrend continue? More market structure and key level updates will be shared regularly.