$ETH
📉 Current Price & Market Context
ETH is trading in a volatile and corrective phase, with price struggling below major moving averages after recent sell-offs, showing corrective structure rather than strong breakout yet.
Recent price levels around ~$3,000–$3,300 faced resistance, and support zones sit lower (e.g., ~$2,700 and below).
Rainbow charts place ETH’s current price around the “still cheap” valuation area, suggesting it’s not in overheated territory yet.
📊 Technical Levels to Watch
Bullish scenario:
✅ Break above resistance (~$3,200–$3,400) could open room for recovery toward higher levels if market momentum improves. (MEXC)
Bearish risks:
⚠️ Breakdown below key supports (e.g., ~$2,500–$2,700) may lead to deeper correction or consolidation. (Blockchain News)
📌 Summary Outlook
Short-term: Mixed signals — attempts to bounce but resistance remains strong.
Medium-term: Key resistance zone must be reclaimed to shift into a bullish trend.
Macroeconomic and crypto market conditions continue to contribute to volatility.
🧠 This is a snapshot of recent technical conditions, not financial advice — always do your own research if considering crypto investing.