Hereโs the latest short-term Ethereum ($ETH ) price analysis with a chart picture based on recent technical data:
https://public.bnbstatic.com/static/content/square/images/72cbcf2424534add8e71a1924f86f933.jpg
https://public.bnbstatic.com/static/content/square/images/928d30811fe44cdeacfcbca7fd87084b.jpg
https://public.bnbstatic.com/static/content/square/images/fb46322c64a2482fa933e866afb5977d.jpg
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๐ Current Short-Term $ETH Technical Picture
Trend: ETH remains in a corrective/consolidation phase, with price action moving sideways rather than strongly trending. Sellers have capped rallies at a descending trendline, while support zones are holding for now.
Key Pattern: A range between buyers and sellersโwith dynamic resistance above and support belowโsuggests a breakout or breakdown will likely dictate the next move.
๐ง Key Levels to Watch
๐ Support Zones (Bearish if break):
~$3,000 psychological support
Stronger near ~$2,950โ$2,850
If ETH slips below these levels with volume, it could retest lower support bands in the next few days.
๐ Resistance (Bullish Break Targets):
~$3,198โ$3,320 โ first breakout zone
Above $3,320 could open the way toward $3,400โ$3,550
These ranges are key to confirm short-term bullish momentum.
๐ Short-Term Momentum Indicators
RSI: Neutral bias โ room to rally before overbought conditions.
MACD: Slightly bullish crossover forming, suggesting weakening bearish pressure and potential upside if confirmed.
๐ฎ Short-Term Scenarios
Bullish Base Case (next 24โ72 hours):
ETH breaks $3,200 with volume โ tests $3,280โ$3,350
If resistance clears, next move could test $3,400+.
Bearish Base Case:
Price fails to reclaim resistance โ slips back toward $2,950โ$2,850
Breakdown below support โ deeper retracement possible.
Would you like me to generate a simple annotated TradingView-style chart with these support and resistance levels drawn on it? (That can ma
ke it easier to visualize the next potential m
ove.)
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