📊 ETH/USDT Weekly Analysis — Early Bounce or Trend Reversal?
🔻 Market Structure:
ETH continues to trade in a macro downtrend after rejection from 4,956. Clear formation of lower highs and lower lows keeps bearish pressure intact.
📉 Moving Averages:
• Price below MA25 (2,634) & MA99 (2,948) → strong resistance overhead
• Short-term MA7 (~2,116) now acting as dynamic support
• No bullish crossover yet → recovery still fragile
📊 Momentum Signals:
• KDJ showing strong upward push → short-term bullish momentum building
• Stochastic RSI rising → continuation of relief bounce possible
⚠️ However, momentum is still in early stages — not a confirmed trend reversal
📦 Volume & OBV:
• OBV still in a broader downtrend → weak accumulation
• Recent volume spike on downside suggests strong selling previously
• Current bounce lacks aggressive buyer follow-through
🔑 Key Levels to Watch:
• Support: 1,747 (major demand zone)
• Immediate Resistance: 2,400 – 2,650
• Breakout Level: Above 2,650 for bullish structure shift
• Major Resistance: 3,000+ zone
⚠️ Outlook:
Current move looks like a relief rally inside a bearish trend.
A confirmed reversal requires reclaiming higher levels with strong volume.
🎯 Trading Insight:
• Watch for rejection near resistance zones
• Avoid chasing pumps without confirmation
• Trend remains bearish until structure flips
#IranRejectsSecondRoundTalks $ETH DYOR before investing. This is not financial advice.