$ETH ETH/USDT – Current Analysis (4H Timeframe)

$ETH is trading around $2,959 after a strong rejection from the $3,400 zone. Price is below EMA 25 & EMA 99, showing a bearish trend in the short term. The recent bounce from $2,866 indicates temporary support, but momentum is still weak. Volume is low, so market is moving in consolidation. Overall bias remains bearish to neutral unless ETH breaks above key resistance.

Key Levels

Support: $2,860 – $2,900

Resistance: $3,050 – $3,120

Where to Buy (Buy Zone)

Buy near $2,860 – $2,900 (strong support & previous bounce zone)

Only buy if price shows bullish candle / support holding

Where to Sell (Sell Zone)

Sell near $3,050 – $3,120 (EMA resistance zone)

Strong sell pressure expected near $3,200

Trend

Short term: Bearish 📉

Market type: Range / Consolidation

🚫 Always use stop-loss and manage risk. This is not financial advice.

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