Alright — this is a good follow-up chart because now we’re seeing the reaction after the breakout. Let’s break it down properly:
⸻
📊 What Changed?
Previously ETH was strongly bullish, but now:
• Price dropped from ~2273 → 2185
• You’ve got consecutive red candles
• Momentum is cooling off after the pump
👉 This is a classic post-breakout pullback phase
🔍 Indicator Analysis
1. Moving Averages
• Price is now:
• Below MA(7) → short-term weakness
• Still above MA(25) & MA(99) → trend not broken yet
👉 This = pullback inside an uptrend
2. Bollinger Bands
• Price moved from upper band → back toward middle band (~2166)
• That’s a mean reversion move
3. MACD
• Bearish crossover forming
• Histogram turning red
👉 Momentum is shifting bearish short-term
4. Volume
• Selling volume increasing slightly
• But not extreme panic selling
📈 Probable Scenarios
🟡 Scenario 1: Healthy Pullback → Bounce (Most Likely)
• Key zone: 2150 – 2120
• This aligns with:
• MA(25)
• Supertrend support
👉 If price holds here:
• Bounce back toward:
• 2220
• Then 2270 retest
🔴 Scenario 2: Deeper Correction
• If 2120 breaks clearly
• Next support:
• 2050 – 2080 zone
👉 That would mean:
• Full retracement of the pump
• Trend becomes sideways
🟢 Scenario 3: Immediate Recovery (Less Likely)
• If price quickly reclaims 2220
• Then:
• Momentum flips back bullish
• Break of 2270 → continuation to 2300+
🧠 Key Levels
• Resistance: 2220 / 2270
• Support: 2150 / 2120 / 2050
⚡ Conclusion
Right now ETH is:
➡️ Short-term bearish (pullback)
➡️ Mid-trend still bullish
📌 Most probable move:
Drop a bit more into support → then bounce