Let's analyze the picture calmly:
Pair: ETH/USDT
Displayed time frame: 15 minutes
Current price: around $2713
Daily change: ๐ป -3.56%
๐ Price action reading
There was a strong drop from the area of $2760 to a low near $2665.
After the low, the price entered a rebound and upward correction (clear Higher Lows).
The last candles are green โ an attempt to recover, but without strong momentum.
๐ Averages and volume
The price is currently close to the moving average (short MA).
Volume is weak compared to the bearish candles โ the rebound is corrective, not a strong reversal.
This means: buyers are present, but not fully in control.
๐งฑ Important zones
๐ด Resistance:
$2725 โ $2745 (previous rejection zone)
It broke with stability โ probability of rising to $2760
๐ข Support:
$2680 โ $2665 (very strong support)
It broke down โ we might see $2635 then $2600
๐ฏ Possible scenarios
๐ Positive scenario (Long):
Breakout and stability above $2745
Target: $2760 โ $2790
Stop loss: below $2710
๐ Negative scenario (Short):
Breakout failure + rejection candle
Broke $2700
Target: $2680 โ $2665
Stop loss: above $2750
โ ๏ธ$ETH
Important note
The overall short trend is still weak
The market is volatile (Scalping is better than long trades)
High leverage is risky now โ ๏ธ#CZAMAonBinanceSquare