$ETH
just blinked — and the market didn’t like what it saw.
Price is sitting around $2,926 after a sharp push down from the $3,016 area, and the vibes on the chart are clearly risk-off right now. On this 15m view, ETH is below the short MAs (7/25/99), and the MACD is still heavy in the red — that usually means sellers are still driving the bus, even if we get a quick bounce.
What I’m watching like a hawk:
Support zone: $2,920–$2,906 (today’s low area) — lose this and it can get slippery fast.
Bounce test: $2,945–$2,960 — ETH needs to reclaim this zone to calm the chart down.
Big wall: $3,000+ — that psychological level is the “prove it” line for bulls.
This is the kind of moment where ETH either forms a clean base and snaps back… or it fakes the bounce and keeps bleeding. Either way, the next few candles are going to be loud. 👀🔥