ETH price dey risk to drop below $1.5K as range breakdown dey pressure buyers

ETH dey trade under heavy selling pressure after e loss one key support area, with price dey slip toward the lower end of im range. Later update clear say daily structure don show: ETH dey boxed between $1.75K–$1.85K resistance and $1.45K–$1.55K demand zone. After the breakdown, ETH briefly find bids just above ~ $1.5K, but rejection from the demand area show say buyers just dey defend the floor for now. For the daily chart, ETH still dey under the 100-day and 200-day moving averages, both them dey slope down — this one keep the broader trend bearish even if market dey look like e range-bound between the two zones. For the 4-hour chart, the article talk about one post-$2K breakdown bounce wey fit face resistance at the Fibonacci cluster $1.82K–$1.90K (0.618/0.702/0.786). Rejection there fit turn the rebound to another bearish retest, while if e make correct move above $1.90K e go weaken the bearish case and fit reopen the $2.00K–$2.05K area. Derivatives data add another trigger: Binance liquidation liquidity dey concentrated around $1.70K–$1.80K. That one fit fuel small short-term relief rally toward $1.86K–$1.90K, but any bounce likely go be corrective unless ETH reclaim the major resistance zone.