$ETH is trading around 3040 after facing a strong rejection from the 3150 resistance zone. The chart shows back-to-back liquidity sweeps on both sides, meaning buyers and sellers are fighting for control. On the 1H timeframe, the structure is still weak because ETH repeatedly failed to hold above 3100 — this is the short-term supply zone. Meanwhile, the nearest strong support sits around 2970–3000 where buyers previously stepped in aggressively.
Fundamentally, ETH remains stable because staking flows are still strong and network activity is consistent, but short-term price pressure is coming from overall market uncertainty and Bitcoin dominance pushing altcoins down. Until ETH reclaims 3100 with strength, upside movement will remain limited.
Current Market Behavior:
ETH tried to break higher but got rejected quickly, showing that sellers are active. Momentum is slowing, and candles show long wicks on top, indicating distribution. If price loses 3000 again, the next drop can accelerate.
Signal (Based on Chart Condition):
Short Signal looks more suitable right now.
Entry Zone: 3035 – 3060
Stop Loss: 3120
Target 1: 2990
Target 2: 2950
Target 3: 2890
ETHUSDT
Perp
3,165.95
+4.32%
