$ETH Ethereum is consolidating near a key support zone after a strong pullback from recent highs. Price is trading close to the 99 MA, showing signs of short-term stability.

Buy Scenario (Long Setup)

Buy Zone: $3,050 – $3,100

Targets:

TP1: $3,200

TP2: $3,280

TP3: $3,350

Stop Loss: Below $2,980

Bias: Bullish recovery if support holds

Sell Scenario (Short Setup)

Sell Zone: $3,250 – $3,300 (rejection area)

Targets:

TP1: $3,120

TP2: $3,050

TP3: $3,000

Stop Loss: Above $3,380

Bias: Bearish continuation if price fails to break resistance

Technical Notes:

Price is hovering near MA(99) acting as dynamic support

MA(7) crossing upward suggests short-term momentum

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