FundingVest
We Highlighted It 4 Days Ago: ETH Reacted, Now It's at a Critical Zone
Four days ago, I pointed out a notable structure forming in Binance Ethereum data. Binance remains one of the leading exchanges by volume and is heavily driven by retail activity. When Net Taker Volume dropped below the -$25M level, I highlighted the $2270 area as a key support zone for ETH. After finding support from that region, ETH moved up toward $2380, delivering nearly a 5% reaction. However, the market is still sitting in a critical zone. Weak momentum in Bitcoin and capital outflows from altcoins continue to pressure Ethereum. Current data still shows a negative Net Taker Volume structure, while aggressive sell-side taker activity increases as price moves lower. One possible scenario includes a pullback toward the $2220 region. A deeper downside scenario also remains on the table. As long as ETH fails to hold above the $2270 level, downside pressure is likely to continue strengthening.