ETH Drops Under $2,200: What to Watch Now

Key Takeaways

• ETH at $2,193.
• MA50 flipped from support to resistance after price broke below it.
• Ali Charts: ETH at 4H channel bottom, watching for bounce to $2,280 or $2,390..
• MA50 at $2,254 sits between current price and first target of $2,280.
• MA100 at $2,149 sits $30 below the channel bottom at $2,180.

How the MA50 flipped

The ETH/USDT shows Ethereum dropping to $2,193 at the time of writing, down 3% for the day, while the MA structure tells the story of the past six weeks in precise terms.

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