ETHEREUM IS AT A CRITICAL BREAKING POINT Ethereum has officially fallen out of its ascending channel and dropped to its lowest levels in months, putting the entire crypto market on edge. ETH is currently trading around $2,120… But the biggest question now is: Is this the final shakeout before a massive rebound? Or just the beginning of a deeper collapse toward $1,920? Bears are still dominating the short-term structure. ETH lost the key 0.236 Fibonacci level, while Bollinger Bands have tightened aggressively, a signal that often comes before a violent breakout move. In other words: The market is being compressed to its limit. And the next move could be explosive. On the 4-hour timeframe, momentum still looks fragile: - Trading volume continues weakening - RSI sits around 55, not strong enough to confirm bullish control - If ETH closes below $2,080, downside pressure could accelerate rapidly That would place the $1,950 zone into a full-scale battle between buyers and sellers. If that support breaks… ETH could quickly slide toward $1,920, or even lower. But the bulls are not gone yet. The demand zone between $1,942 and $2,015 is still holding relatively strong. If Ethereum manages to defend this area and reclaim the channel midpoint: - $2,230 becomes the first upside target - Followed by $2,400 - Then potentially $2,463 — or even $2,772 if the previous uptrend fully returns The next two weeks could decide Ethereum’s entire Q3 trend. Either this becomes the final reset before a new expansion phase…Or bears drag the market into another wave of panic selling. ETH is now sitting exactly between a breakout and a breakdown. And the market knows it. #OKXPizzaDay #VitalikOnEFSales $BTC $ETH