$ETH /USDT – Rejection! More Downside or Bounce?
Trading at $1,878.36 – down -4.64% today.
Price got rejected hard from 1,986.99 high and is now testing lower levels.
🔻 Key Levels:
· Resistance: 1,911.13 / 1,936.42 / 1,961.70 – broken levels now act as hurdles
· Support: 1,860.56 (current low) / 1,850.00 – critical zone
· Current: 1,878.36 – sitting between support and resistance
📊 Volume Check – Low Activity:
· Vol(ETH): 1.26K – below MA5 (2.86K) and MA10 (3.79K)
· Volume is low – no strong conviction yet
📖 Order Book – Slightly Bearish:
· Bid: 44.90% vs Ask: 55.10% – sellers slightly in control
· Bid walls at 1,878.33–1,878.35 – support being defended
· Ask walls at 1,878.36–1,878.38 – resistance overhead
📈 Bigger Picture – Mixed:
· 7 days: -1.11% – slightly down
· 30 days: +17.86% – still up from recent lows
· 180 days: -37.69% – long-term weak
My take:
ETH is rejecting resistance with sellers stepping in.
Hold above 1,860 = bounce to 1,911–1,936.
Break below 1,860 = flush to 1,800–1,820.
#ETH #Ethereum #CryptoTrading
Trading at $1,878.36 – down -4.64% today.
Price got rejected hard from 1,986.99 high and is now testing lower levels.
🔻 Key Levels:
· Resistance: 1,911.13 / 1,936.42 / 1,961.70 – broken levels now act as hurdles
· Support: 1,860.56 (current low) / 1,850.00 – critical zone
· Current: 1,878.36 – sitting between support and resistance
📊 Volume Check – Low Activity:
· Vol(ETH): 1.26K – below MA5 (2.86K) and MA10 (3.79K)
· Volume is low – no strong conviction yet
📖 Order Book – Slightly Bearish:
· Bid: 44.90% vs Ask: 55.10% – sellers slightly in control
· Bid walls at 1,878.33–1,878.35 – support being defended
· Ask walls at 1,878.36–1,878.38 – resistance overhead
📈 Bigger Picture – Mixed:
· 7 days: -1.11% – slightly down
· 30 days: +17.86% – still up from recent lows
· 180 days: -37.69% – long-term weak
My take:
ETH is rejecting resistance with sellers stepping in.
Hold above 1,860 = bounce to 1,911–1,936.
Break below 1,860 = flush to 1,800–1,820.
#ETH #Ethereum #CryptoTrading