⚡ ETH JUST LOST THE MOMENTUM BUT BUYERS ARE STILL IN THE GAME
Ethereum is trading around $2,437, down over 2% today after a sharp rejection from the $2,526 area.
The 1H structure has clearly weakened. ETH is now trading below both the MA(25) around $2,455 and MA(99) around $2,475, showing that sellers have taken short-term control.
But there’s one important detail 👀
ETH reacted from $2,405.97 and is now consolidating around $2,430–$2,440 instead of continuing straight down. That suggests buyers are still defending the recent low.
Right now, this is a battle between $2,406 support and the $2,455–$2,475 resistance zone.
If buyers reclaim $2,455 and hold above it, ETH could attempt a recovery toward $2,500 and eventually the $2,526 high.
But if $2,406 breaks with strong momentum, the bearish structure could accelerate.
After the recent rally, ETH is now at a point where patience matters more than chasing.
Sometimes the best trade is simply waiting for the market to show its hand. 🎯
Trade with a plan and manage your risk.
#ETH #Ethereum #ETHUSDT $ETH
Ethereum is trading around $2,437, down over 2% today after a sharp rejection from the $2,526 area.
The 1H structure has clearly weakened. ETH is now trading below both the MA(25) around $2,455 and MA(99) around $2,475, showing that sellers have taken short-term control.
But there’s one important detail 👀
ETH reacted from $2,405.97 and is now consolidating around $2,430–$2,440 instead of continuing straight down. That suggests buyers are still defending the recent low.
Right now, this is a battle between $2,406 support and the $2,455–$2,475 resistance zone.
If buyers reclaim $2,455 and hold above it, ETH could attempt a recovery toward $2,500 and eventually the $2,526 high.
But if $2,406 breaks with strong momentum, the bearish structure could accelerate.
After the recent rally, ETH is now at a point where patience matters more than chasing.
Sometimes the best trade is simply waiting for the market to show its hand. 🎯
Trade with a plan and manage your risk.
#ETH #Ethereum #ETHUSDT $ETH