$ETH Fighting for Support. Can We Hold $2,900? 🧱
Checking out the $ETH 4h chart and it’s 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.
What I’m Seeing:
EMA 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.
Range Bound: ETH has been bouncing between $2,888 and $2,994.
It feels like it’s just cooling off before the next big move.
Stoch RSI: It’s sitting right in the middle around 55. No clear overbought or oversold signal yet, which usually means more sideways chop for a bit.
The Bottom Line:
I’m 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.
Are you guys accumulating here or waiting for a breakout above $3k? Let’s hear it! 👇