📊 ETH/USDT – Daily Chart Analysis

ETH is attempting a base formation after a deep correction, but confirmation is still pending.

🔹 Price: ~$3,102

🔹 Local Low: ~$2,623

🔹 Market Structure: Recovery phase

🔍 Technical Observations

️ ✅ Strong Bounce From Support

ETH defended the 2,620–2,650 demand zone, indicating solid buyer interest.

✅ Short-Term Trend Improving

Price is above MA(25)

MA(7) is flattening and trying to turn up

Suggests short-term bullish momentum

⚠️ Major Resistance Ahead

MA(99) ~3,400 acting as dynamic resistance

Previous rejection near 3,300–3,350 zone

📊 Volume Insight

Volume remains moderate → bulls need stronger participation for continuation.

🎯 Key Levels

Support: 2,980 – 3,000

Major Support: 2,620

Resistance: 3,250 – 3,350

Trend Flip Level: Above 3,400 (daily close)

🧠 Outlook

Short-term: Range-bound between 3,000 – 3,300

Bullish scenario: Break & hold above 3,350 → move toward 3,600

Bearish scenario: Loss of 3,000 → revisit lower demand zone

📌 Trade Idea (Not Financial Advice):

Aggressive longs on pullbacks near 3,000 with tight SL. Conservative traders wait for daily close above 3,400.

⚡ ETH is stabilizing, but patience is required before calling a full trend reversal.

$ETH

ETH

2,054.45

+5.77%

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