🔸 ETH made a sharp reversal, catching long holders off guard as it failed to conquer the $3,000 mark. The price has now broken through the important uptrend channel at $2,980 and has fallen below the SMA 100 line, confirming that the Bears are completely in control of the game in the short term.

🔸 Support zone $2,880 is hanging by a thread. If this level cannot be held, prepare for ETH to hit $2,845 or possibly lower at $2,800. Both the MACD and RSI indicators are showing red alerts, unless the price pumps strongly back above $3,050, it is not safe; for now, observing is the best option.

This chart is so bad, should we consider bottom-fishing or shorting? Please follow for more updates!

This article is for reference only and is not investment advice. Please read carefully and consider thoroughly before making a decision.