$ETH
rejected again at the 200-day EMA near $2.7K, and that level just flipped from support to resistance.
You can ignore one rejection.
You can’t ignore three.
The recent move looked like a classic squeeze into major resistance—price pushed into the EMA200 and prior supply, stalled at the same rejection zone, and then rolled over sharply. That tells us sellers are still defending this area.
📉 Short-term structure:
• $2.7K = key pivot, now resistance
• Failure to reclaim keeps bias bearish
• Next demand zone: $2.3K
• Deeper support: $1.8K region
📈 Bullish scenario:
If ETH reclaims $2.7K with a strong close and holds above it, this drop turns into a deviation, opening the door for a rotation back toward the mid-$3K range.
Until that reclaim happens, rallies into resistance are more likely to get sold than chased.
Follow HUSSAIN 侯赛因 for more latest updates .
#ETH #TradingSignals #Write2Earn
rejected again at the 200-day EMA near $2.7K, and that level just flipped from support to resistance.
You can ignore one rejection.
You can’t ignore three.
The recent move looked like a classic squeeze into major resistance—price pushed into the EMA200 and prior supply, stalled at the same rejection zone, and then rolled over sharply. That tells us sellers are still defending this area.
📉 Short-term structure:
• $2.7K = key pivot, now resistance
• Failure to reclaim keeps bias bearish
• Next demand zone: $2.3K
• Deeper support: $1.8K region
📈 Bullish scenario:
If ETH reclaims $2.7K with a strong close and holds above it, this drop turns into a deviation, opening the door for a rotation back toward the mid-$3K range.
Until that reclaim happens, rallies into resistance are more likely to get sold than chased.
Follow HUSSAIN 侯赛因 for more latest updates .
#ETH #TradingSignals #Write2Earn