1️⃣ Market recap: Pulled back as expected, testing the MA7 support
From the morning session until now, ETH has not challenged the strong resistance above, instead choosing to seek a bottom. The daily candle is currently a solid bearish candle, down nearly 3%. The current price of 2,439 is sitting almost exactly at the MA7 moving average (2,428), while the 24-hour low of 2,430 tested this level precisely. This shows that technical support remains effective, with market participants trading according to the chart patterns.$ETH
From the morning session until now, ETH has not challenged the strong resistance above, instead choosing to seek a bottom. The daily candle is currently a solid bearish candle, down nearly 3%. The current price of 2,439 is sitting almost exactly at the MA7 moving average (2,428), while the 24-hour low of 2,430 tested this level precisely. This shows that technical support remains effective, with market participants trading according to the chart patterns.$ETH