$ETH 📊 Candlestick-Based Technical View
🔥 What Candles Tell Us
Candlestick charts summarize price action through open, high, low, and close prices and reveal trader sentiment:
Bullish candles (green) show buying strength.
Bearish candles (red) indicate selling pressure.
Doji candles (small bodies) signal indecision and possible trend turning points
CryptOrbix
📈 Recent Structure
Based on recent technical commentary and chart patterns:
Bullish factors
Support near the $2,850–$3,000 zone has been a pivot area for buyers in recent sessions
Brave New Coin
Breakouts above key trendlines on shorter timeframes have been seen, showing buyers stepping in after sell-offs
Brave New Coin
Bearish / neutral factors
Price has struggled to hold moves above $3,300–$3,400, forming potential reversal candles (e.g., Evening Doji Star) near resistance. This warns of weakening bullish momentum
Brave New Coin
Extended bearish candles on the monthly timeframe have occurred, a sign of longer-term selling pressure
Cointelegraph
📌 Key Levels (from candle structure and technical levels)
Support Zones:
~$2,850–$3,000 — psychological and structural support.
~$2,300 — deeper demand if support breaks
Brave New Coin
Resistance / Targets:
Short-term: ~$3,190–$3,400 — crucial for confirming bullish continuation
Brave New Coin
Higher breakout target zone: ~$3,400–$4,000 if momentum shifts
Brave New Coin
🧠 Interpretation Summary
Short-term trend: Mixed. Price has bounced from support but is still facing resistance overhead. Bearish candle formations near resistance suggest caution
Intermediate structure: Bullish sentiment exists if ETH can reclaim and hold levels above ~$3,300–$3,400
Bearish risk: If ETH fails to defend near ~$2,850 and loses support, deeper pullbacks toward ~$2,300 could occur
