$ETH lost the key 2.1–2.2k weekly support and nuked straight into the 2k zone, now sitting stretched below all major EMAs, which is not a good look short term. But this is where it gets interesting. This area has been strong demand before, and price is already a bit extended on the downside, so a bounce is very likely from here. If bulls step in, expect a relief, if not, 1.3-4k likely soon.