$ETH
1 2 3..5 rhythm test ema21 H4, MM does not miss any rhythm. The team of American traders has been pushing the market - a specialty of the crazy game. The recovery strength with the supporting capital is weak, everyone knows that; however, the technical indicators are suggesting that the selling pressure may soon diminish in the coming weeks.
Today, I won't guess the direction anymore; I will provide support and resistance zones as suggestions in the context that D3 is about to close the candle in another 22H.
- Zone $3,200 – $3,353 (near resistance): This used to be an important support zone. Currently, the price is below this zone, making it a resistance that ETH needs to overcome to reverse the downtrend.
Additionally, around $3,250 – $3,300, strong selling pressure has been recorded – many sell orders have absorbed all efforts to push the price above this zone recently.
- Level $3,500 – $3,600 (medium-term resistance): If it breaks through $3,300, ETH will immediately face the zone $3,500-3,600 – this is an area where many technical factors converge. A weekly candle closing above 3800 is needed.
- Level $3,000 (near psychological support): $3,000 USDT is an important psychological threshold. In this downturn, the price broke below $3,000 but quickly rebounded above this level. This shows that $3k still has a certain buying support.
- Zone $2,700 – $2,800 (next support): If $3,000 is decisively breached with one D3 candle, the zone $2,700-$2,800 will be the next deep support to pay attention to. $2,700 is noted to coincide with the 78.6% Fib retracement level on the weekly chart.
- Level $2,500 - 2600 (important deep support) is the sideways foundation for the pump towards ATH after 4 years of waiting. According to on-chain, this is the entry point for large Holder funds > 100k ETH.
1 2 3..5 rhythm test ema21 H4, MM does not miss any rhythm. The team of American traders has been pushing the market - a specialty of the crazy game. The recovery strength with the supporting capital is weak, everyone knows that; however, the technical indicators are suggesting that the selling pressure may soon diminish in the coming weeks.
Today, I won't guess the direction anymore; I will provide support and resistance zones as suggestions in the context that D3 is about to close the candle in another 22H.
- Zone $3,200 – $3,353 (near resistance): This used to be an important support zone. Currently, the price is below this zone, making it a resistance that ETH needs to overcome to reverse the downtrend.
Additionally, around $3,250 – $3,300, strong selling pressure has been recorded – many sell orders have absorbed all efforts to push the price above this zone recently.
- Level $3,500 – $3,600 (medium-term resistance): If it breaks through $3,300, ETH will immediately face the zone $3,500-3,600 – this is an area where many technical factors converge. A weekly candle closing above 3800 is needed.
- Level $3,000 (near psychological support): $3,000 USDT is an important psychological threshold. In this downturn, the price broke below $3,000 but quickly rebounded above this level. This shows that $3k still has a certain buying support.
- Zone $2,700 – $2,800 (next support): If $3,000 is decisively breached with one D3 candle, the zone $2,700-$2,800 will be the next deep support to pay attention to. $2,700 is noted to coincide with the 78.6% Fib retracement level on the weekly chart.
- Level $2,500 - 2600 (important deep support) is the sideways foundation for the pump towards ATH after 4 years of waiting. According to on-chain, this is the entry point for large Holder funds > 100k ETH.