$ETH Alert: Short Bias Active ⚠️
💥 Liquidation Event: ~$2.1969M wiped at $2,976.84 — clear sign sellers are pressing the gas.
📉 Current Price: Around $2,970
🧠 Market Mood: Fear, hesitation, and bearish pressure dominating price action.
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🟢 Key Supports to Monitor
$2,900 (first line of defense)
$2,800 (momentum continuation level)
$2,650 (last major demand zone)
🔴 Overhead Resistance
$3,005 (immediate supply)
$3,166 (trend invalidation zone)
$3,300 (major resistance / structure flip)
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🎯 Short-Side Targets 1️⃣ $2,900
2️⃣ $2,800
3️⃣ $2,650–$2,600 (high-risk / high-reward extension)
⚠️ Invalidation / Cut-Loss: Sustained move above $3,050–$3,080
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📊 Why Bears Have the Edge
Sellers controlling intraday momentum
EMAs acting as dynamic resistance
RSI remains weak, no bullish divergence yet
Macro + sentiment still risk-off
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🚀 What to Watch Next
Lose $2,900 → downside accelerates toward $2,800+
Reclaim $3,100 → potential short squeeze via forced covering