$ETH is trading around $2,687. The daily structure remains relatively strong, while the short-term/hourly momentum is weaker. �
CoinLore +1
Key levels
Resistance: $2,694 → $2,719 → $2,749
Higher resistance: ~$2,797–$2,825
Support: $2,664 → $2,640
Stronger support: ~$2,585–$2,542
What the chart is saying
Daily: ETH remains above its major moving averages, with RSI around 63, indicating positive momentum but approaching a stronger momentum zone.
Hourly: Momentum is currently weaker, with RSI around 32 and several short-term indicators signaling selling pressure.
Important: Reuters recently identified $2,560–$2,565 as an important downside level and $2,775–$2,825 as a possible consolidation/resistance area
#ChinaMayLetAlibabaByteDanceBuyNvidiaChips
#SKoreaFSCConsidersVirtualAssetMarketMaker #ChinaIndustrialProfitGrowthSlowsFourthMonth
CoinLore +1
Key levels
Resistance: $2,694 → $2,719 → $2,749
Higher resistance: ~$2,797–$2,825
Support: $2,664 → $2,640
Stronger support: ~$2,585–$2,542
What the chart is saying
Daily: ETH remains above its major moving averages, with RSI around 63, indicating positive momentum but approaching a stronger momentum zone.
Hourly: Momentum is currently weaker, with RSI around 32 and several short-term indicators signaling selling pressure.
Important: Reuters recently identified $2,560–$2,565 as an important downside level and $2,775–$2,825 as a possible consolidation/resistance area
#ChinaMayLetAlibabaByteDanceBuyNvidiaChips
#SKoreaFSCConsidersVirtualAssetMarketMaker #ChinaIndustrialProfitGrowthSlowsFourthMonth
