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- MC:$3.63KHolders:20.09%
- MC:$3.59KHolders:20.00%
- MC:$3.57KHolders:20.00%
- MC:$3.56KHolders:10.00%
- MC:$3.63KHolders:20.09%
- Pin
$ETH ETH saw a fast sell-off and bounced from the 2.89k area, which looks like short-term support. The reaction was quick, but overall pressure is still there.
What I see
1H timeframe: Price is below short MAs → trend is still weak.
Momentum: RSI dipped into oversold and is trying to recover → relief bounce makes sense.
Support: 2.9k zone is important. Holding above it keeps ETH stable.
Resistance: 3.05k–3.10k area. A break above this zone can shift momentum.
Next moves (opinion)
Short term: Sideways or slow bounce toward 3.05k.
If 2.9k fails: More downside pressure possible.
Higher timeframe: Looks like a correction, not a trend reversal yet.
This is just a personal market view, not financial advice. Trade at your own risk.