Current price range: ~$1,900โ$2,100
$ETH ETH has been hovering around key support zones, struggling to sustain strength above resistance. Recent price action shows volatility and bearish pressure dominating near-term momentum. ๏ฟฝ
CoinMarketCap +1
๐ฅ Technical Picture (Daily/Weekly)
Bearish Short-Term Bias
ETH recently broke below key support levels (around $1,960), confirming bearish momentum. ๏ฟฝ
Reddit
RSI and MACD on multiple timeframes suggest oversold conditions, but that has not yet translated into a confirmed reversal. ๏ฟฝ
CoinLore
Sellers are in control until we see structure flip and reclaim levels above $2,200โ$2,300.
Key Levels to Watch
๐ Support Levels:
~$1,900 โ critical psychological zone โ๏ธ ๏ฟฝ
CoinMarketCap
~$1,760 and lower historical demand zones if selling pressure escalates. ๏ฟฝ
CoinLore
๐ Resistance Levels:
~$2,400 โ near-term bounce target. ๏ฟฝ
MEXC
~$2,600โ$2,800 โ wider recovery range if broader market improves. ๏ฟฝ
MEXC
A clear break above $3,000 would flip the medium-term trend toward bullish. ๏ฟฝ
KuCoin
๐ง Market Sentiment & Drivers
ETFs & institutional flows have shown outflows recently, adding to selling bias. ๏ฟฝ
FXStreet
Some analysts still see higher long-term targets (like $7k+ or even above) if macro improves and major resistances are broken. ๏ฟฝ
MEXC
Correlation with stocks and tech market action continues to influence price direction. ๏ฟฝ
CoinMarketCap
๐ Bullish Case (If Trend Shifts)
A breakout scenario topside looks like this:
Hold and reclaim $2,200+
Ride momentum toward $2,600โ$3,000
Break $3,000 convincingly โ possible deeper trend reversal
This requires volume pick-up and macro tailwinds (risk-on sentiment). Analysts have flagged such setups as possible if oversold zones trigger fresh bids. ๏ฟฝ
MEXC
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