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Ethereum’s bullish structure has weakened after the cryptocurrency broke below its week-long consolidation range near the recent peak. The breakdown signals a deterioration in buying momentum and raises the prospect of a broader bearish reversal.
ETH is currently holding above immediate support at $2,580. Following the magnitude of the recent decline, the cryptocurrency could stage a minor technical rebound as short sellers take profits and bargain hunters enter the market. However, any recovery is likely to remain corrective unless ETH can reclaim the former consolidation range.
A decisive break and sustained close below $2,580 would confirm a continuation of the bearish move and could trigger another wave of selling pressure. Under this scenario, the next major downside target would be located near $2,390.40.
Resistance Levels:2720.00, 2908.90
Support Levels:2390.40, 2184.10

AUD/USD remains within a broader downtrend, although the latest price action suggests that the pair is attempting to establish a bullish reversal. The recovery has brought the pair toward critical resistance at 0.6985, just below the key psychological threshold of 0.7000.
A decisive break and sustained close above the 0.6985–0.7000 resistance zone would signal a meaningful improvement in momentum and strengthen the case for a broader bullish trend reversal. Such a move would suggest that buyers are regaining control after the prolonged decline.
Conversely, a rejection from this resistance area would indicate that selling pressure remains intact and leave AUD/USD vulnerable to a resumption of the prevailing downtrend. The pair therefore remains at a critical technical juncture, with the next move likely to determine its near-term directional bias.
ResistanceLevels:0.6985, 0.7134
Support Levels:0.6865, 0.6755
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