🔹 Current Price: $2,490 🔻 Market Sentiment: Bearish 📉
🔍 Key Technical Levels 🟥 Resistance 1: $2,498 🟥 Resistance 2: $2,540 🟩 Support 1: $2,447 🟩 Support 2: $2,371
📉 Technical Outlook Ethereum is showing bearish momentum, with RSI (14) near 39.3. Sellers currently have the upper hand, and ETH needs to reclaim the $2,498 resistance to show signs of recovery.
🐂 Bullish Scenario: A breakout above $2,498 could push ETH toward $2,540.
🐻 Bearish Scenario: A breakdown below $2,447 may expose the next support at $2,371.
🎯 My View: ETH remains under short-term pressure. Watch the key support and resistance levels before entering a trade.
💬 What do you think? Will ETH bounce back or drop further? Comment below!