$ETH (ETH/USDT) – Latest Short Analysis
Based on the chart above 📊, Ethereum is currently trading around $2,940, moving in a sideways-to-weak bearish range.
Price is below EMA 25 and EMA 99, which shows overall bearish pressure.
Short-term EMA (7) is very close to price → low momentum, market is waiting for a breakout.
Strong support zone: $2,900 – $2,920. If this breaks, ETH can slide toward $2,860.
Immediate resistance: $2,980 – $3,020. A clean break above this area can push ETH toward $3,100+.
Volume is weak, meaning no strong buyers yet.
Conclusion:
ETH is neutral to slightly bearish right now. Best move is to wait for a clear breakout above $3,020 (bullish) or a break below $2,900 (bearish continuation) before entering a trade.#GrayscaleBNBETFFiling #USIranMarketImpact #ETHMarketWatch #ETHMarketWatch #WriteToEarnUpgrade
