Ethereum is currently trading near 2,880 USDT, showing intraday volatility after a recent pullback from the 2,956 resistance zone. Price action remains within a defined intraday range, indicating active participation from short-term traders.
On the 15m–1h timeframe, ETH is holding above the intraday support area around 2,850–2,870, which is acting as a short-term demand zone. The RSI (14) near 37 reflects mild oversold conditions, suggesting limited downside momentum at current levels.
Key Intraday Levels
Immediate Support: 2,850 – 2,820
Major Support: 2,787
Immediate Resistance: 2,920 – 2,950
Breakout Level: 3,000+
Intraday Outlook
As long as price holds above 2,850, a technical bounce toward 2,920–2,950 is possible.
A confirmed breakdown below 2,820 may increase selling pressure toward the 2,780 zone.
Volume remains healthy, indicating potential for sharp intraday moves.
Trading Note Intraday traders should wait for confirmation near key support and resistance levels. Risk management remains critical due to increased volatility across the market.
Market analysis is for educational purposes only. Trade with proper risk management.
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