$ETH is showing signs of stabilization after a sharp selloff from 2,157, but short-term momentum still favors bears while price remains below the key EMA resistance zone ๐
The bounce from 2,093 indicates buyers are defending support aggressively, and ETH is now trying to reclaim EMA(7). However, EMA(25) near 2,118 is still acting as a strong ceiling. A breakout above that area could open the door for a recovery toward 2,132โ2,145 ๐
Right now, the structure remains fragile because lower highs are still intact and selling pressure hasnโt fully disappeared.
Key levels to watch:
Support: 2,093 โ 2,080
Resistance: 2,118 โ 2,132 โ 2,157
Current trend structure:
If ETH holds above 2,100 and builds momentum, bulls may attempt a stronger rebound. But rejection under EMA(25) could trigger another wave of downside pressure in the short term.
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