$ETH is trading around 3,196.99, down roughly -3.27% in the last 24 hours. After a strong rally toward 3,447.44, price faced heavy rejection and pulled back sharply, cooling off the bullish momentum.
Key Observations
24h High: 3,447.44
24h Low: 3,167.07
Price dropped below the MA(7) but is still sitting on the MA(25), showing early signs of pullback rather than a full reversal
MA(99) at 3,054 continues to act as a strong mid-term support
The rejection at the 3,440–3,480 zone shows clear profit-taking from buyers
Volume remained high during the drop, indicating strong selling interest near the local top
Support & Resistance
Immediate support: 3,170 – 3,200
Next support: 3,050 – 3,080 (MA99 zone)
Resistance: 3,323 – 3,330
Major resistance: 3,440 – 3,480
Trend Outlook
Short-term trend: Bearish pullback, but still inside a larger bullish structure
Mid-term trend: Bullish, while ETH holds above the MA99 and continues printing higher lows
Bulls need to reclaim 3,323 to regain upward momentum
A break below 3,170 could send ETH toward the 3,050 support area
Trading Idea If ETH holds above 3,170, buyers may target a recovery toward 3,323, then possibly 3,400.
If the price loses 3,170, the safer buy zone lies around 3,050–3,080.
Summary $ETH is cooling down after a sharp rally. The broader trend remains bullish, but the short-term pullback shows sellers taking profits at resistance. Watch the 3,170 support—holding it keeps the bullish structure intact.
