$ETH Current Price: ~$2,739

24H Change: −6.54%

Trend: Short-term bearish, attempting stabilization

📉 Latest Price Action

Ethereum experienced a strong sell-off, dropping from the 2,950–3,000 zone and finding temporary support near 2,689. After the sharp dump, price is now moving sideways, showing early signs of consolidation rather than continued panic selling.

📊 Technical Analysis

Price is trading below key moving averages, indicating short-term bearish control

Selling pressure remains dominant (Sell ~64%)

Long lower wicks near support suggest buyers are defending the downside

Momentum is weak but selling intensity is slowing

🔑 Key Levels to Watch

Support: 2,680 – 2,700

Immediate Resistance: 2,800 – 2,820

Major Resistance: 2,950 – 3,000

🔮 Future Outlook

If ETH holds above the 2,680 support zone, a relief bounce toward 2,800–2,850 is possible. However, failure to maintain this level could open the door for deeper correction. A strong bullish reversal will only be confirmed after reclaiming 2,900+ with volume.

🧠 Market Sentiment

Currently cautious. Traders are waiting for confirmation—either a breakdown or a recovery breakout. Volatility is expected to remain high.

⚠️ This is a technical market overview, not financial advice. Always manage risk.#WhoIsNextFedChair #PreciousMetalsTurbulence #USIranStandoff #ZAMAPreTGESale #FedHoldsRates @Mr How @Ethereum Classic @Ethereum World News