$ETH 🟣 Ethereum (ETH) Short Analysis for Today
Ethereum is trading near $3,390 USD, with price hovering in a consolidation zone amid mixed market signals.
Key moving-average indicators show a bearish bias: the 14-day RSI is around ~31, and MACD is negative — indicating weaker momentum.
Critical levels to watch:
Support zone: ~$3,250 – $3,350 — a break below could open deeper downside.
Resistance zone: ~$3,600+ — a clear breakout above this would be needed to regain bullish control.
Outlook & Strategy:
If support holds: a bounce attempt toward resistance is possible.
If support breaks: caution advised, risk of slide to ~$3,000 or below increases.
For traders: watch for volume spikes and clear candle closes above/below zones before acting.
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