Ethereum Drops Below Rising Trendline, Tests $2,535–$2,580 Support
- —ETH broke below its rising daily trendline, down roughly 5.5% over 24 hours
- —$2,535–$2,580 zone holds the 0.236 Fibonacci level, 50-day and 200-week SMAs
- —Next support is the weekly 0.236 Fibonacci level near $2,500
- —Upside barriers: 100-week SMA at $2,760 and the $2,800–$2,812 high
Why it matters: Holding the 200-week SMA near $2,540 keeps the recovery intact; a loss of $2,500 would expose $2,430.
Source: Coindoo