🚨 ETHEREUM (ETH) TECHNICAL ANALYSIS
🔴 ETH/USDT: Bears Are in Control!
$ETH is trading around $2,371, down approximately 5.77% on the 15-minute chart. Price action shows a clear downtrend, with lower highs and lower lows, indicating strong selling pressure.
📉 KEY SUPPORT LEVELS 🔹 $2,368 — Immediate support
🔹 $2,340 — Next potential support
🔹 $2,300 — Psychological support if selling continues
📈 KEY RESISTANCE LEVELS 🔸 $2,380 — Immediate resistance
🔸 $2,395–$2,420 — Resistance zone
🔸 $2,460 — Major resistance
🎯 POTENTIAL TRADE SETUPS
🟢 Bullish Scenario: If ETH holds above $2,368 and reclaims $2,380, a relief bounce toward $2,395–$2,420 may develop. A sustained move above $2,420 could open the way toward $2,460.
🔴 Bearish Scenario: If ETH breaks below $2,368 with strong selling volume, the next downside levels to watch are $2,340 and $2,300.
⚠️ The short-term trend remains bearish. Buying before confirmation is risky, so watch for a support reaction or a confirmed breakout before entering a trade.
💬 Your Prediction: Will
$ETH bounce from $2,368, or break lower toward $2,340?
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