Ethereum is sitting at $2,662, barely moving, with momentum completely stalled. Aggressive sell-side order flow is dominating the tape right now. A test of the $2,600 support level looks probable within days.
The Tape Has Turned
Buyers are not stepping in. Aggressive sell-side order flow is dominating the tape. This isn't a slow bleed; it is active pressure pushing the price down. The lack of momentum means every dip is being sold into rather than bought. The market is waiting, and so far, sellers are the ones writing the rules.
Support at $2,600
The next key level is $2,600. This is a well-known psychological and technical support area. Given the current order flow, a test of this level within days seems likely. Whether it holds or breaks will be the immediate catalyst for the next move. If $2,600 breaks, the downside pressure could accelerate.
What Comes Next
The immediate question is how $2,600 reacts to the current selling pressure. If it holds, buyers might attempt a bounce. If it breaks, the next support levels further down will come into focus. The next few days are critical for Ethereum to prove it has a floor here.
