$ETH Fighting for Support. Can We Hold $2,900? đ§±
âChecking out the $ETH 4h chart and itâs looking like a classic tug-of-war right now.
We're currently sitting at $2,936, and the bulls are working hard to keep us above that key psychological level.
âWhat Iâm Seeing:
âEMA Resistance: We are currently trading below the 7, 25, and 99 EMAs.
The 99 EMA up at $2,981 is acting like a heavy ceiling right now.
We need a solid break above $2,950 to get some real momentum back.
âRange Bound: ETH has been bouncing between $2,888 and $2,994.
It feels like itâs just cooling off before the next big move.
âStoch RSI: Itâs sitting right in the middle around 55. No clear overbought or oversold signal yet, which usually means more sideways chop for a bit.
âThe Bottom Line:
Iâm looking for a clean close above those short-term EMAs before getting excited. If we lose $2,920, we might see a quick wick down to retest that $2,888 support again.
âAre you guys accumulating here or waiting for a breakout above $3k? Letâs hear it! đ