$ETH $3,090–$3,300 range depending on exchange data (ETH price fluctuating around $3.1K)
Market Behavior:
• Recent sessions show mixed momentum — slight bearish pressure under long-term resistance but short-term volatility remains.
📉 Short-Term Technical Summary
Trend Context:
• ETH is trading below key long-term resistance (200-day SMA near ~$3,660) — bearish pressure.
• Price hover near critical support such as Fibonacci ~50% retracement ~$3,140.
• RSI ~ neutral, MACD near flat — indicates balance between bulls & bears.
🎯 Key Levels to Trade
🟢 Bullish Scenarios (Long Trades)
Entry Zones:
Primary Buy: $3,140–$3,160 (support cluster)
Aggressive Buy: $3,000–$3,050 (momentum support sweep)
Targets:
Target 1: $3,280–$3,300 (short-term resistance)
Target 2: $3,400–$3,450 (breakout zone) – only if price closes daily above $3,300
Stop-Loss (for Longs):
Below $3,000
If price closes above $3,300–$3,320 with volume, higher targets toward $3,500 become more plausible.
🔴 Bearish Scenarios (Short Trades)
Entry Zones:
Short Entry 1: ~$3,320–$3,350 (failed break resistance)
Short Entry 2: ~$3,400 (rejection of higher breakout)
Targets:
Target 1: $3,140–$3,100
Target 2: $3,000–$2,920 (key support zone)
Stop-Loss (for Shorts):
Above $3,450
A daily close below $3,140 risks deeper correction with sellers dominating.
🧠 Technical Indicators at a Glance
IndicatorSignalNotesRSI~NeutralNot oversold nor overbought (balanced momentum) MACDMildly bearishBearish tendency as price under SMAs VolumeMixedNo strong breakout confirmation yet
🗓️ Trade Plan Checklist
For a Long Setup:
Wait for price to stabilize above $3,140–$3,160.
Look for a bullish candlestick confirmation (e.g. bullish engulfing) near support.
Set stop-loss just under $3,000.
Take partial profits near $3,280–$3,300.
For a Short Setup:
Look for rejection candle near $3,320–$3,350.
Confirm increased sell volume.
Place stop-loss above $3,450.
Targets at $3,140, then $3,000–$2,920.
🚥 Risk Factors to Watch
Bearish Triggers:
Daily close under $3,140.
Heavy sell volume & ETF outflows.
Bullish Catalysts:
High inflows to ETH ETFs.
Daily close above $3,300.
🧾 Summary
Short-term view: Neutral-to-slightly bearish below long-term resistance.
Preferred strategy: Trade range until breakout confirmation.
Bullish bias only above: $3,300 daily close.
Bearish risk increases below: $3,140.
