$ETH is entering one of the most sensitive price zones on the chart right now: $2,065 – $2,138. This is not just another support level. It is the Fibonacci “golden zone” , the area traders typically watch for potential rebounds and short-term reversals. But what makes this setup dangerous is the on-chain data underneath it. Because beneath the current price action… two completely conflicting signals are appearing at the same time. $ETH balances on exchanges have been rising steadily since early May, suggesting profit-taking pressure and sell-side liquidity are still building Meanwhile: - ETH withdrawals from exchanges have dropped to the lowest level of the month - meaning accumulation demand has not truly returned yet In simple terms: - Sellers have already started acting - But buyers still haven’t shown enough strength to inspire confidence And that is the real risk. In crypto, support levels are not strong just because they look good technically. They only become strong when: - Liquidity steps in to defend them - Buy pressure absorbs sell pressure - And the market is willing to fight back Right now, $ETH is standing exactly at that line. If capital rotates back in and $ETH holds this zone: This could become the foundation for a meaningful short-term recovery But if buying momentum remains weak: The “golden zone” may simply become a pause before another leg lower At this point, the real question is no longer: “Where is $ETH support?” It is: “Are there still enough buyers willing to defend $ETH at these prices?” $ETH