$ETH Immediate Resistance: 2,320 – 2,330. The price is currently stuck below the EMAs. This zone must be cleared for any upward move.
Critical Support: 2,266. This is the recent bottom. If the price breaks below this, expect a further drop.
$ETH Major Target (Upside): 2,404. This was the recent peak and acts as a heavy supply zone.
$ETH Market Sentiment
Trend: Bearish. The price is trading below the 7, 25, and 99 EMAs, showing strong downward pressure.
Momentum: The MACD is negative, and the recent red volume bars show that sellers are currently in control.
Stay Cautious: As long as the price is below 2,320, the outlook remains weak.
Watch for Breakdown: A move below 2,266 could trigger a fresh sell-off.
Recovery Sign: A 4-hour candle closing above 2,305 (EMA 7) would be the first sign of a minor recovery.