Ethereum at $2,400: Is a Deeper Correction Coming?

Ethereum is hovering around $2,400 as traders debate whether a deeper pullback could follow. Crypto analyst CrediBULL said ETH initially bounced from a local demand zone near $2,440, but failed to form a higher high. The selloff then broke below that area, refocusing attention on a cluster of equal lows around $2,360. CrediBULL views a potential upside setup if those lows are swept, arguing that taking out downside liquidity could make the next rally more sustainable. A second trader, Crypto Patel, flagged resistance rejection between $2,550 and $2,660 and kept a bearish scenario active unless ETH reclaims and holds above $2,670.