🚨 ETH Is Losing Strength… and the Chart Is Getting Heavy
I’m seeing $ETH stuck in a tough spot right now. The candles are sliding under all the key moving averages, and every bounce is getting weaker. Price is hovering around 3,140, but the structure shows sellers still fully in control, pushing ETH closer to that 3,050 – 3,070 demand zone.
This is the area where ETH must hold. If buyers don’t step in with real power, we can easily see a deeper drop toward 2,970, where the market might try to stabilize. Right now, momentum is clearly bearish, and ETH is struggling to break above its short-term MA, which keeps acting like a roof over the price.
Traders are watching for one thing: a strong reaction from the lower zone. If ETH gives a sharp bounce from 3,050, momentum can flip fast. But until that happens, caution is key because the trend is still pointing downward.
Stay alert… ETH is sitting at a critical point, and the next move can set the tone for the entire week. ⚠️📉
#StrategyBTCPurchase #MarketPullback #ProjectCrypto #StablecoinLaw #AltcoinMarketRecovery
