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PRO Crypto Tech
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$ETH Analysis + Next Move 🚨📈
$ETH is struggling to hold its ground today, trading just above the $2,900 mark as it faces its potential fifth consecutive month in the red. Despite a brief recovery wave, the sentiment remains cautious as liquidity dries up across spot markets.
🔍 The Quick Analysis:
The chart shows $ETH recently tested the $2,780 zone and is now fighting to stay above the 100-hourly Simple Moving Average. While whales were recently seen buying into an inverse head-and-shoulders breakout, it turned into a $4 billion bull trap when the price stalled near major resistance. MACD is showing some bullish momentum on lower timeframes, but the daily structure is still weighed down by institutional outflows.
🎯🔮 THE NEXT MOVE 🔮🎯
• The Bullish Recovery: A confirmed hourly close above $3,020 is the key trigger needed to invalidate the current bearish pressure and push toward $3,150.
• The Bearish Drop: If #ETH fails to hold the $2,850 level, expect a fresh decline back to the $2,780 support, with a deeper liquidation hunt possible near $2,700.
• Bottom Line: The market is in a "wait-and-see" mood. Don't jump in blindly; wait for a clear breakout above $3,000 or a solid bounce from the $2,800 floor.
{future}(ETHUSDT)
$ETH is struggling to hold its ground today, trading just above the $2,900 mark as it faces its potential fifth consecutive month in the red. Despite a brief recovery wave, the sentiment remains cautious as liquidity dries up across spot markets.
🔍 The Quick Analysis:
The chart shows $ETH recently tested the $2,780 zone and is now fighting to stay above the 100-hourly Simple Moving Average. While whales were recently seen buying into an inverse head-and-shoulders breakout, it turned into a $4 billion bull trap when the price stalled near major resistance. MACD is showing some bullish momentum on lower timeframes, but the daily structure is still weighed down by institutional outflows.
🎯🔮 THE NEXT MOVE 🔮🎯
• The Bullish Recovery: A confirmed hourly close above $3,020 is the key trigger needed to invalidate the current bearish pressure and push toward $3,150.
• The Bearish Drop: If #ETH fails to hold the $2,850 level, expect a fresh decline back to the $2,780 support, with a deeper liquidation hunt possible near $2,700.
• Bottom Line: The market is in a "wait-and-see" mood. Don't jump in blindly; wait for a clear breakout above $3,000 or a solid bounce from the $2,800 floor.
{future}(ETHUSDT)
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