$ETH ETH/USDT – Market Outlook 📊
ETH is currently trading around $2,940–2,950 after a strong rejection from the $3,050 zone.
Short-term momentum looks slightly weak, as price is moving around EMA(5) & EMA(9) with no clear trend yet.
🔹 Key Levels
Support: $2,910 – $2,880
Major Support: $2,750 – $2,720
Resistance: $3,000 – $3,050
🟢 Bullish Bias
If ETH holds above $2,910 and breaks $3,000–3,050 with strong volume, bullish momentum may continue.
A confirmed breakout could open the path towards $3,150 – $3,300 in the short term.
🔴 Bearish Bias
If ETH fails to reclaim $3,000 and breaks below $2,910, selling pressure may increase.
In that scenario, price could revisit $2,850 and even $2,750 support zones.
📌 Overall, ETH is currently consolidating after rejection — best approach is to wait for a clear breakout or breakdown before entering trades.