$ETH đ Short-Term Technical View
Support & Resistance:
$ETH has been testing key support zones near $2,000â$2,250 â a critical decision area for trend direction. A break below this could increase downside risks.
Candlestick Action:
The daily and 4-hour charts show mixed candles and consolidation, with no clear acceleration yet. Price is oscillating within a range â characteristic of indecision.
Momentum Indicators:
Momentum oscillators such as RSI are near neutral to slightly oversold on some timeframes, implying potential for both reversal or further pullback depending on breakout direction.
đ Bullish Scenario
đą If $ETH holds above major support (around $2,250):
Break above $2,750â$3,000 could signal renewed buying interest.
Higher targets near $3,200â$3,500 become possible if buyers maintain control.
đ Bearish Scenario
đŽ If support breaks convincingly:
Further downside could target lower levels around $2,000 or below, especially if broader markets weaken and selling pressure mounts.
đ§ Key Levels to Watch
đ Support: ~$2,000â$2,250
đ First Resistance: ~$2,750
đ Bullish Breakout Zone: Above ~$3,000
đ§Ș Overall Bias
Neutral to slightly bearish in the short term, until price shows a sustained breakout above resistance or a firm hold of key support zones. Market sentiment remains cautious due to the recent corrective phase and mixed technical signals.
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