$ETH Intraday reversals strengthen seller control
Short-term action shows the same tension. ETH has sharply reversed after losing the support zone of $3,350-$3,380 on the 30-minute chart. The super trend turned downward once the price broke below $3,287, and the SAR levels moved above the candles as momentum faded. Buyers quickly pulled back after the initial rebound, allowing a slip towards the $3,200 zone. Participation declined even as the price attempted to stabilize near the $3,000 range. This divergence is often a sign of a market preparing for a larger move, with traders unwilling to commit capital until things become clearer. The increase in outflows in cash adds another layer of hesitation and maintains downward pressure.
Ethereum is currently trading within a narrow mid-range pocket. Immediate support is between $3,120 and $3,150, a region that has held several times this month. A breakout would expose $3,050 and then the psychological mark of $3,000. For any recovery effort, ETH must secure a daily close above $3,311. Only then do the paths open towards $3,454 and $3,506, the EMAs defining the trend.
Outlook as the market targets key levels
Ethereum enters the second half of the month under constant selling pressure. The market shows no signs of capitulation. On the contrary, it reflects controlled distribution as the largest participants reduce their exposure and await stronger signals. Until cash flows stabilize and ETH recovers its EMA cluster, the risk profile leans towards the sideways to down, with recoveries likely to face strong resistance.
