$ETH đš ETH/USDT â Todayâs Real-Time Market Update
đ Current Price: Ethereum is trading around the $2,950â$3,050 zone, struggling to maintain strength after repeated rejections near the $3,300 level.
đ Market Structure:
ETH is forming a descending channel
Sellers are active near every bounce
Buying volume remains weak
$2,900 is acting as a critical support zone
đź What Happens Next?
đ Bearish Scenario (More Likely Right Now)
If ETH breaks below the $2,900 support, price may slide toward:
đ $2,750
đ $2,620
đ $2,500 (major demand zone)
Continuous lower highs indicate sellers still in control.
đ Bullish Scenario (Only if ETH holds above $2,900)
If buyers defend $2,900 and push ETH above $3,150, a recovery phase may start:
đ Target 1: $3,300
đ Target 2: $3,450
đ Target 3: $3,600 (strong resistance)
Reversal strong only if ETH closes above $3,150 with solid volume.
đ Key Levels
Support: $2,900 â $2,750 â $2,620
Resistance: $3,150 â $3,300 â $3,450
Trend: Bearish until ETH regains the $3,150â$3,300 zone
đŹ My Market View
ETH is currently under pressure as long as it stays below $3,150.
If $2,900 breaks, expect strong downside continuation.
Holding above it may bring a short-term bounce.
What do you think â breakdown or reversal soon? đ
