$ETH STRONG REJECTION ... CORRECTION CONTINUES
Ethereum pushed strongly toward $2,807, but sellers stepped in aggressively near the highs.
Price has now dropped back to around $2,731, showing that short-term selling pressure is increasing.
The first key area to watch is $2,710–$2,700. If this zone fails, the correction can extend toward $2,660.
For now:
Trend: Short-term bearish correction
Resistance: $2,766–$2,807
Support: $2,700–$2,710
After such a strong rally, this pullback is normal. Watch the support reaction before taking the next heavy long.
Trade on $ETH
Ethereum pushed strongly toward $2,807, but sellers stepped in aggressively near the highs.
Price has now dropped back to around $2,731, showing that short-term selling pressure is increasing.
The first key area to watch is $2,710–$2,700. If this zone fails, the correction can extend toward $2,660.
For now:
Trend: Short-term bearish correction
Resistance: $2,766–$2,807
Support: $2,700–$2,710
After such a strong rally, this pullback is normal. Watch the support reaction before taking the next heavy long.
Trade on $ETH
