$ETH Here is your short-term analysis:
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## **Current Market Status**
* **Price:** Trading around **$2,150 – $2,250** (approx. **600,000 – 630,000 PKR**).
* **Short-Term Trend:** Strongly **Bearish** (ETH is down ~25% over the last 7 days).
* **Sentiment:** Fearful, but some "whale" accumulation has been noted near these lows.
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## **Technical Breakdown**
### **1. Key Support & Resistance**
* **Immediate Support:** **$2,100**. This is the most critical level right now. If Ethereum closes below this on a daily timeframe, the next stop could be a psychological drop toward **$2,000** or even **$1,960**.
* **Major Resistance:** **$2,350**. ETH needs to break and hold above this level to prove that the "sell-off" is over. Until then, any small pump is likely just a "relief rally" before another dip.
### **2. Momentum Indicators**
* **RSI (Relative Strength Index):** Currently around **44**, which is neutral-to-weak. However, on shorter timeframes (4H), it recently hit "oversold" levels, explaining the small bounce we are seeing today.
* **Moving Averages:** ETH is trading below its 50-day and 100-day moving averages. This means the overall momentum is still controlled by sellers.
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## **Short-Term Outlook (Next 48-72 Hours)**
* **The "Bull" Case:** If ETH stays above **$2,100**, expect a slow grind back toward **$2,300**. Institutional "buy the dip" orders (like those recently seen from BlackRock) might provide enough floor to stop the bleeding.
* **The "Bear" Case:** Macroeconomic pressure (high interest rates or geopolitical tension) could push ETH below **$2,100**. If this happens, a "liquidation cascade" could quickly drop the price to **$1,850**.
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