$ETH ‌ETH Took a Heavy Hit. Now Comes the Real Decision

Ethereum went through a sharp sell-off and is now trading near $2,250 to $2,300.
The drop was fast. Fear came in quickly.
This is usually where traders rush and make mistakes.
Let’s slow down and read the chart properly.

Current Market Structure (1H)
ETH is still in a clear short-term downtrend.
Price remains below key moving averages.
That tells us sellers are still controlling momentum.
The bounce from the $2,100 to $2,150 area is visible, but so far it looks like a reaction, not a reversal.
Structure has not flipped bullish yet.

Key Levels to Watch
Resistance Zones
$2,350 to $2,400 → First rejection zone
$2,480 to $2,520 → Previous support, now strong resistance

Support Zones
$2,200 to $2,250 → Short-term demand
$2,100 to $2,150 → Major demand zone (recent low)

These are not guesses.
These are levels where price already reacted.

Bullish Scenario (Only If Confirmed)
ETH holds above $2,200.
Price forms higher lows on 1H.
Clean break and hold above $2,400.
If this happens, a recovery toward $2,500 to $2,650 becomes possible.
Still, that would be a relief bounce, not a full trend reversal.

Bearish Scenario (High Risk Area)
ETH fails to hold $2,200.
Bounce gets rejected near resistance.
Price revisits $2,150 or lower.
Below that, the chart opens room for more downside pressure.

Final Thoughts
ETH looks oversold,
but oversold does not mean bullish.
This is a decision zone, not a place for blind entries.

What do you think, bounce continuation or another rejection?