Ethereum Drop Below $2400 as $2600 Resistance Hold
On June 25, Ethereum (ETH) drop pass $2,400 mark for OKX, dem dey trade for $2,397.10 and e go down 1.69% inside di day, show say sellers dey press well well because market dey shake well well. Dis drop come after e bounce small from di local low of $2,111 reach important resistance area wey be $2,600—wey if e no fit close above, e mean say di daily bullish setup no balance again. Traders suppose dey watch sharp-sharp support for $2,400 and $2,227, and dem need watch well make e close firmly pass $2,600 before di uptrend fit start again; if no, better correction go fit happen go $1,790.
Bearish
Ethereum no fit keep above di $2,600 resistance after e bounce from $2,111, plus di recent fall comot $2,400 and one 1.69% loss inside day for OKX, dey show say di bullish momentum dey weak. Traders wey dey do short-term fit face more pressure to sell as dem go test key supports for $2,400 and $2,227. Unless ETH fit close above $2,600 sharply, di immediate trend go dey downward, with possibility say e fit drop deep to $1,790 if support levels break. Dis kain scenario show say di market fit bearish for traders wey dey look near-term price movement.