$ETH
ETH is trading around the 3097 area after a
strong bearish move, indicating short-term weakness.
Price broke down from an ascending channel, confirming a shift from bullish to bearish momentum.
The downward sloping trendline above suggests sellers are still in control on lower timeframes.
Immediate resistance lies near 3125–3150, where previous support turned resistance.
Strong support is seen around 3070–3080, holding price from further downside for now.
A weak bounce indicates low buying pressure, hinting at possible consolidation or another drop.
If 3070 breaks, ETH could retest 3050 or lower.
A clean break above 3150 would be needed to regain short-term bullish structure.