$ETH /USDT – Short-Term Market Analysis
I'm seeing strong short-term selling pressure on ETH/USDT. Price has been making lower moves, and although buyers have stepped in near the recent low, the recovery still looks weak to me.
📊 Current Price: 2,279.98
ETH is trading below the MA60 at 2,285.03, which is still trending downward. This keeps the short-term structure bearish. Price recently touched the 2,278.21 area and bounced slightly, but buyers haven't shown enough strength yet to confirm a reversal.
Key Levels I'm Watching:
* Support: 2,278.21
* First resistance: 2,280.42
* Next resistance: 2,282.63
* Major resistance: 2,284.84–2,285.03
What I'd Like to See:
A recovery above 2,282.63 would be an early positive sign. Reclaiming the MA60 near 2,285 would make the bullish case more interesting.
⚠️ Risk: Losing 2,278.21 could bring further downside pressure.
📍 Entry: No confirmed entry yet 🎯 TP1: Not confirmed 🎯 TP2: Not confirmed 🎯 TP3: Not justified 🛑 Invalidation: Below 2,278.21 for the rebound idea.
If price loses 2,278.21, I'd step away from the bullish recovery setup because buyers would be failing to defend the visible support.
I'm waiting for confirmation rather than chasing a small bounce. ETH needs to reclaim resistance before I'd consider the momentum improving.
I'm seeing strong short-term selling pressure on ETH/USDT. Price has been making lower moves, and although buyers have stepped in near the recent low, the recovery still looks weak to me.
📊 Current Price: 2,279.98
ETH is trading below the MA60 at 2,285.03, which is still trending downward. This keeps the short-term structure bearish. Price recently touched the 2,278.21 area and bounced slightly, but buyers haven't shown enough strength yet to confirm a reversal.
Key Levels I'm Watching:
* Support: 2,278.21
* First resistance: 2,280.42
* Next resistance: 2,282.63
* Major resistance: 2,284.84–2,285.03
What I'd Like to See:
A recovery above 2,282.63 would be an early positive sign. Reclaiming the MA60 near 2,285 would make the bullish case more interesting.
⚠️ Risk: Losing 2,278.21 could bring further downside pressure.
📍 Entry: No confirmed entry yet 🎯 TP1: Not confirmed 🎯 TP2: Not confirmed 🎯 TP3: Not justified 🛑 Invalidation: Below 2,278.21 for the rebound idea.
If price loses 2,278.21, I'd step away from the bullish recovery setup because buyers would be failing to defend the visible support.
I'm waiting for confirmation rather than chasing a small bounce. ETH needs to reclaim resistance before I'd consider the momentum improving.