*ETH/USDT - 15m chart snapshot*
*Price action*: ETH is at $2,314.42, down 0.64% on the day. It’s near the 24h low of $2,301.61 after dropping from the 24h high of $2,331.85.
*Key levels*:
- *Resistance*: MA60 at $2,317.55. Price is trading below it and got rejected earlier, so MA60 is acting as short-term resistance.
- *Support*: Holding around $2,313.37. If that breaks, next stop is the 24h low $2,301.61.
*Indicators*:
- *Trend*: Clear downtrend on this timeframe. Sharp drop followed by lower highs. Trading below MA60 confirms bearish bias.
- *MACD*: MACD 0.08 is barely positive while DIF -0.74 and DEA -0.82 are both negative. That’s weak momentum. No strong buy signal here.
- *Volume*: Spike on the initial dump, then low volume on the bounce. Sellers had control, buyers not stepping in with conviction.
*Take*: Bearish short-term. ETH failed to reclaim MA60 and is chopping near support. If $2,313 breaks with volume, expect a test of $2,301. To flip bullish, it needs to close above $2,317.55 with volume.
This isn’t financial advice. Crypto is volatile. Want me to check a different timeframe?$ETH
