$ETH TH Testing Key Support – Bounce or Break? 📉

​Ethereum is currently hovering around the $2,075 mark. After a sharp rejection at the $2,209 resistance, we are seeing some sideways movement on the 1H chart.

​The Good:

We are holding steady above the 99-period Moving Average (purple line), which is acting as a safety net for now.

​The Bad:

Volume is thinning out, and the MA(7) and MA(25) are sloping downwards, indicating short-term bearish pressure.

​Watching for a break above $2,085 to confirm a recovery, or a drop below $2,060 which might lead to a deeper correction. Stay sharp!

​#ETH #CryptoAnalysis #TradingView #Ethereum

ETH

2,103.42

+0.59%