📉 **Ethereum’s Bloodbath**: Ethereum has officially *broken* the bounce zone, sending shockwaves through the market! With a steep drop of **-11.94%**, ETH is now eyeing a potential **plunge** toward $2,800—a critical **support level** and the site of an **unfilled CME gap**.
💥 **The Downward Spiral**: If the selloff continues, we could see more red across the board. The $2,800 level is our next point of interest—watch it closely. A break below that could trigger further **panic** and a **complete reset** of Ethereum’s recent gains.
🔮 **The Bigger Picture**: Here’s where things could get interesting. If ETH does hit the $2,800 zone and holds, this could set up a **massive buying opportunity**. Buyers may flood in, giving Ethereum the **fuel** for a potential **breakout** from the resistance zone. A new **bull cycle** might be on the horizon, but only if the support holds strong.
⚠️ **What to Do Now?** The market is volatile, and it’s critical to stay ahead of the game. If you’re holding Ethereum, **brace for impact**, but also **keep an eye** on that $2,800 support. If it holds, it could be the foundation for the next big **ETH rally**.
🔥 **The Storm is Here**: The next few days could determine if Ethereum recovers or faces a deeper plunge. Be ready for the ride, and act wisely!