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$ETH ALERT: Momentum Weakening as Support Tests Continue! 📉
Last Price: 2,103.90 (-1.25%)
📍 Entry Zone: 2,075.00 – 2,090.00 (Watch for a bounce off the MA99)
🛑 Stop Loss: 2,045.00
🎯 Take Profit Targets:
• TP1: 2,107.52 (MA7 Resistance)
• TP2: 2,132.40 (MA25 Resistance)
• TP3: 2,174.79 (24h High)
📊 Analysis:
The short-term trend for Ethereum (
$ETH ) has shifted to Bearish on the 1-hour chart. The price is currently trading below its MA(7) (2,107.52) and MA(25) (2,132.40), signaling a loss of immediate bullish momentum. While it remains above the MA(99) (2,078.34), the MACD is showing a strong bearish expansion with a value of -5.87 and an increasing red histogram. This suggests that the rejection from the 2,174.79 peak is still exerting downward pressure.
⚠️ Risk Tip:
With a solid 24-hour volume of 683.73M USDT, liquidity is high, but the 1-hour structure is currently making "lower highs." The 7-day (+3.04%) and 30-day (+6.39%) performance is still positive, indicating this may be a deep correction within a larger recovery. However, if the 2,078 support (MA99) fails to hold, a retest of the 2,021.50 swing low becomes likely.
🔥 Bulls must reclaim the $2,110 level quickly to stabilize the chart and avoid a further slide toward psychological support at $2,050.
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#ETH #Ethereum #cryptotrading #bearish #BinanceSquare