ETHUSDT — Technical Analysis (12H)
$ETH #TrendTradingStrategy #Ethereum
🔍 Overview: Ethereum (~2,955.92) maintains its bearish structure after losing key supports.
1. Trend: The price is located below the EMA(7) (~2,981.81), the EMA(25) (~3,091.41), and the EMA(99) (~3,131.03). The trend is bearish.
2. Resistance: The EMA(7) at $2,981.81 is the immediate resistance. The range of $3,000 - $3,100 is a major resistance.
3. Support: The recent low at $2,864.29 is the critical short-term support.
4. MACD: The red histogram continues to expand, indicating strong selling momentum.
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✅ Conclusion:
$ETH remains under selling pressure. The inability to recover the EMA(7) and the psychological level of $3,000 suggests that the bearish trend will continue towards the support of $2,864.
📉 #Crypto #AnalisisTecnico #Ethereum
