$ETH Bearish bias 🔻 ETH is trading at 2,505.06 and continues to face selling pressure after failing to hold gains from the 2,409.50 area. Current momentum appears weak, with no strong bullish signals emerging so far. Support: 2,494, followed by 2,447. Resistance: 2,520–2,556. Scenario: A decline to test support at 2,494 is possible. A break below this level could lead to further downside toward 2,447. On the other hand, if the price holds and breaks through resistance, a rebound may occur. Summary: The outlook remains bearish as long as the price stays below the 2,520–2,556 range. However, if support at 2,494 holds, ETH may see a temporary rebound.
Note:
Use your own judgment; if you disagree, then we simply have different views. If you agree, we are making the same decision. This is not an invitation to invest, as I am not responsible for any losses you may incur.
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