$ETH (ETH/USDT) — Market Analysis
Ethereum is currently trading in a consolidation range after a recent recovery move. Price action shows buyers defending key support while the market waits for a breakout confirmation.
🔹 Key Support: $2,900 – $3,000
🔹 Major Resistance: $3,300 – $3,450
Bullish Scenario:
If
$ETH holds above the $3K zone and breaks $3,450 with strong volume, momentum can push the price toward $3,700 – $3,950. Increasing DeFi activity and staking demand support bullish pressure.
Bearish Scenario:
If the price loses the $2,900 support, we may see a pullback toward $2,650 – $2,500 liquidity zone before the next move.
Indicators Insight:
RSI: Neutral (room for move both sides)
Trend: Sideways → Breakout pending
Volume: Building up (volatility coming)
📊 Conclusion:
$ETH is in accumulation. A breakout from the current range will likely decide the next big trend. Traders should watch $3,450 resistance and $2,900 support carefully.
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#Bearish