Analysis $ETH
Current trend: Clearly downward for a while, with some recent fluctuations and accumulation.
Strong support areas:
- 2840 a very strong support area. Breaking it will increase the pressure.
- 2630 a major support, likely to see a rebound or an increase in demand there.
Key targets and upward movement:
- 3150 the first target if the price returns to rise.
- 3320 the second target as soon as the first resistance is broken.
- Higher targets only with a strong breakout of the current selling areas.
Expectation and path:
The current trend is negative as long as the price is below 3150. If the decline continues and breaks 2840, we may see a drop towards 2630. However, in case of a strong rebound above 3150, a new upward path begins targeting 3320.
My advice:
Do not enter a buy now, wait for either a clear rebound from support or a strong breakout above 3150. In case of breaking 2840, it is better to be cautious or consider short-term selling positions.
