$ETH ETH Testing Support: Correction or Trend Reversal? 📉

​The 1H chart for $ETH is showing some heavy sell pressure after failing to hold the $2,300 level. We are currently sitting around $2,125, with the price trading below the MA(7) and MA(25).

​Key Support:

We just wicked down to $2,099. If we lose this level, things could get spicy.

​The Upside:

We need a solid hourly close above the MA(7) (yellow line) to signal a short-term recovery.

​Volume:

Seeing some green spikes at the bottom, suggesting buyers are stepping in at these discounts.

​Are you buying this dip or waiting for $2,000? Let me know below! 👇

​#Ethereum #ETH #CryptoTrading #TechnicalAnalysis

ETH

2,265.58

+0.08%