$Ethereum is getting hammered alongside $Bitcoin, now trading near $2,710-2,730, well below the crucial $3,200 zone that acted as support for weeks.
The rejection from every attempt to reclaim $3,200 triggered this clean breakdown, pushing ETH into a steep downtrend.
Every attempt to push higher was sold off (yellow arrows).
The final breakdown happened right here, confirming bearish structure.
ETH is trying to bounce at the current green support, but:
If BTC tests $80K, ETH almost certainly revisits this level.
If the market continues crashing — especially if BTC breaks below $80K — ETH can fall straight into this zone.
This level historically triggered heavy buybacks.
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