$ETH is showing significant bearish momentum on the 12h chart. After a steep rejection from the $3,400 level, $ETH has entered a sharp "waterfall" decline.
Key Observations:
* Current Price: $1,943.55 (-6.84%)
* Trend: Firmly bearish. Price is trading well below the EMA(7), EMA(25), and EMA(99).
* Support/Resistance: Hovering near the recent low of $1,747. If this level fails, expect further downside.
* Sentiment: Sell pressure is dominating, with 56.53% of the order book leaning short.
The 30-day drop of -40.73% highlights the current volatility. Keep an eye on that $1,750 support zone—it's the last line of defense for the bulls. 🛡️
ETHUSDT
Διην.
1,969.71
+1.73%