#newyearbear
newyearbear
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Concise & accurate:
Trend: Bearish
Price: Below all EMAs → strong selling pressure
Momentum: MACD negative
Condition: Oversold → short-term bounce possible
Support: 2,850–2,900
Resistance: 3,000–3,050
Conclusion:
A short-term bounce is possible, but the downtrend remains valid as long as price stays below 3,050.$ETH #newyearbear
Trend: Bearish
Price: Below all EMAs → strong selling pressure
Momentum: MACD negative
Condition: Oversold → short-term bounce possible
Support: 2,850–2,900
Resistance: 3,000–3,050
Conclusion:
A short-term bounce is possible, but the downtrend remains valid as long as price stays below 3,050.$ETH #newyearbear
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