🚨 ETHEREUM JUST TOOK A BRUTAL HIT — BUT THE BOUNCE IS GETTING ATTENTION!
Ethereum is showing intense volatility! ETH/USDT is trading around $2,012.83, down 1.93%, after a sharp drop to the $1,988.05 24-hour low.
📉 What the chart reveals:
Price remains below the MA(25) at $2,018.32 and MA(99) at $2,039.77.
The short-term rebound followed a massive volume spike.
The 24-hour high stands at $2,103.78.
The 5-minute chart shows recovery attempts, but the broader short-term trend remains under pressure.
Levels worth watching:
Support: $1,988–$1,999
Resistance: $2,018–$2,028
Higher resistance: around $2,040
⚡ The big question: Is this the beginning of an Ethereum recovery, or just a temporary bounce after heavy selling?
Watch volume and confirmation carefully. One green candle does not guarantee a trend reversal.
#Ethereum #ETHUSDT #CryptoMarket #TechnicalAnalysis #BinanceSquare $ETH
Ethereum is showing intense volatility! ETH/USDT is trading around $2,012.83, down 1.93%, after a sharp drop to the $1,988.05 24-hour low.
📉 What the chart reveals:
Price remains below the MA(25) at $2,018.32 and MA(99) at $2,039.77.
The short-term rebound followed a massive volume spike.
The 24-hour high stands at $2,103.78.
The 5-minute chart shows recovery attempts, but the broader short-term trend remains under pressure.
Levels worth watching:
Support: $1,988–$1,999
Resistance: $2,018–$2,028
Higher resistance: around $2,040
⚡ The big question: Is this the beginning of an Ethereum recovery, or just a temporary bounce after heavy selling?
Watch volume and confirmation carefully. One green candle does not guarantee a trend reversal.
#Ethereum #ETHUSDT #CryptoMarket #TechnicalAnalysis #BinanceSquare $ETH
