Ethereum’s rebound toward $2,480-$2,520 failed, returning the price to around $2,400 and placing it below the lower boundary of its ascending channel. A daily close below $2,360 would confirm an accelerating decline, first toward the $2,320 lows and potentially the $2,200-$2,270 zone. A sustained reclaim of $2,440, followed by a move above $2,480-$2,520, would weaken this bearish scenario. Binance’s liquidation map shows a significant cluster of vulnerable positions between $2,150 and $2,200 that could attract the price if the decline continues. Tensions between Iran and the United States could weigh on sentiment, but their role in Ethereum’s decline remains speculative.
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