$ETH /USDT — Market Under Fire
Ethereum just took a sharp hit, trading at $2,714.99, down 9.40% in 24h. The session started with strength, pushing up to $2,997, but sellers stormed in hard, dragging price to a day low at $2,689 before a weak bounce.
On the 15m chart, ETH lost grip below all key moving averages:
MA(7): 2,761
MA(25): 2,799
MA(99): 2,881
This breakdown confirms short-term bearish control. Volume surged (685K ETH | $1.94B USDT), showing panic-driven exits rather than quiet selling.
The drop from 2,860 → 2,689 was aggressive, with little defense from buyers. Current price is trying to stabilize near 2,710, but momentum is still fragile.
Levels to watch:
Support: 2,690 → 2,650 (critical zone)
Resistance: 2,760 → 2,800
Right now, ETH looks wounded but not dead — bulls need a strong reclaim above 2,800 to flip sentiment. Until then, the market belongs to volatility, fear, and fast hands.