Ethereum remains under pressure after breaking below the key 1900 support level, reinforcing the bearish Elliott Wave outlook. The recent recovery appears to have been only a corrective wave 4 bounce, with wave 5 now likely extending lower.
As long as price remains below the 2250 invalidation level, the path of least resistance remains to the downside. Traders should be aware of a temporary wave (4) rebound before the broader bearish trend resumes toward the 1300 area.
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