🔥 ETH/USDT Update — Is Ethereum Heading Toward a Key Reversal Zone?

Ethereum has experienced a sharp correction today, dropping over 10% and touching the $2,716–$2,737 range. This decline comes after multiple rejections near the MA(25) and MA(10) zones on the daily chart.

📊 What the Chart Is Showing

🔹 Downtrend continuation: ETH remains below MA(5), MA(10), and MA(25), confirming persistent bearish pressure.

🔹 Key support retest: Price bounced earlier from $2,623, and today it is again moving near this critical zone.

🔹 Volume spike: The sudden increase in selling volume shows capitulation-type pressure — often seen near trend exhaustion points.

🔹 Oversold territory approaching: Historically, ETH sees short-term relief rallies after 10–12% daily drops.

🔎 Short-Term Outlook (1–3 Days)

If ETH holds above $2,700 / $2,620, we may see a relief bounce toward:

➡️ $2,950

➡️ $3,050 (first major resistance)

A breakdown below $2,620 could extend the decline toward $2,500.

⏳ Medium-Term Outlook (3–7 Days)

ETH is trading far below its MA(99), creating a large gap. Such gaps often lead to reversion attempts when selling pressure cools.

💬 Market Sentiment

The drop looks aggressive but is happening at a strong historical support zone. These conditions often produce volatility — and opportunities for informed traders.

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