Ethereum Broke Down.. So Where Do I Buy It Back? #shorts
1 extracted signal · 0 resolved · 1 still active
Marzell CryptoIndependent analyst profile- Source published
- 07 Oct 2026, 09:04 UTC
- Recorded by Tahlil Plus
- 07 Oct 2026, 13:57 UTC
AI-generated source summary
Ethereum experienced a significant breakdown from a two-week triangle pattern, dropping nearly 4% overnight and reaching a low of 2,592. This drop was exacerbated by a leverage flush, liquidating $400 million in longs within 20 minutes. The price found support around the 0.618 Fibonacci retracement level of the September rally, specifically at $5.77 above the halfway mark of that rally. The analysis identifies this golden pocket area as a potential buy-back zone. A buy limit order has been placed at 2,533, targeting the 0.618 level, with a stop-loss set at 2,291, which is below the September rally's low, aiming to mitigate further losses if the bearish trend were to continue.
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Marzell Crypto
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