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Ethereum's Next Move: Resistance Test Before Drop?

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Technical Analysis (ETH/USD - 1H Chart)

Ethereum is in a downtrend, with a key Point of Interest (POI) around the $2,340 - $2,370 zone, highlighted in red. Price is expected to pull back into this resistance area before continuing downward. A bearish rejection from this level could push ETH towards the $2,080 target area, aligning with previous demand zones.

Key Levels:
- Resistance (POI): $2,340 - $2,370
- Support (Target Area): $2,080

Watch for rejection signs in the POI before entering short positions.

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