#ETH short-term analysis ๐Ÿ“‰

#ETH is around $2,610โ€“$2,620 and has come under selling pressure today. ๏ฟฝ

CoinGecko +1

Bearish setup (4H):

๐Ÿ”ด Resistance: $2,660โ€“$2,700

๐Ÿ”ด Major resistance: $2,717โ€“$2,750

๐ŸŸข Support: $2,574

๐ŸŸข Next support: $2,500โ€“$2,510

Bias: Bearish below $2,660โ€“$2,700

Short idea: Prefer a rejection from resistance rather than chasing after a big drop.

Targets: $2,575 โ†’ $2,510 โ†’ $2,500

Invalidation: sustained move/close above ~$2,720.

The 4H technical picture is bearish, although the daily trend remains stronger, so a sharp bounce is possible. ๏ฟฝ

en.coinotag.com +1

Risk: #ETH is already relatively oversold on several short-term indicators, so don't over-leverage. ๏ฟฝ

in.investing.com

If you want, I can also make you an ๏ฟฝโ ETH short-analysis chart/picture with entry, SL and TP marked.