$ETH – 1 Day Short Analysis
Price Action: ETH is trading near 3,110, recovering from the 2,623 low after a strong sell-off from the 4,253 high.
Trend: Overall downtrend, but recent candles show short-term recovery and consolidation.
Support: Immediate support at 3,000 – 2,950. Major support at 2,620.
Resistance: Key resistance at 3,200 – 3,260. A daily close above this zone may push ETH toward 3,400.
Momentum: Buyers are gradually stepping in, though volume remains moderate, signaling cautious bullishness.
Summary: Ethereum is trading around 3,110, showing a recovery after bouncing from 2,623. Price is consolidating with support at 3,000–2,950 and resistance at 3,200–3,260. Holding above support favors continued recovery, while rejection at resistance may keep ETH range-bound. Bias remains neutral to slightly bullish.
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