๐ Current $ETH Price: ~$2,920โ$2,950 range (live price ~ $2.9K) โ slightly mixed across exchanges today.
๐ฅ Market Mood (Short-Term):
Bears still controlling momentum and $ETH is within a descending channel โ bearish bias until key resistance breaks.
Some technical indicators show possible short-term bullish bounces around support levels.
๐ Trend Outlook:
๐ Short-term: ๐ป Bearish pressure โ price has struggled to break above recent highs and macro crypto weakness weighs on ETH.
๐ Mid-term: โ๏ธ Possibly neutral to mild bullish rebound if ETH holds support and breaks above $3,100โ$3,200.
๐ก Key Trading Levels (for reference only โ not financial advice):
๐น Entry (long/buy) zone: $2,850 โ $2,900 (strong support area)
๐ซ Stop-loss: $2,720 (below key support)
๐ Bullish target zones: $3,100 โ $3,300+ if momentum flips bullish.
๐ Sentiment Summary:
Bearish pressure persists but support is holding around ~$2.8Kโ$2.9K.
Breaking above $3.1Kโ$3.2K would shift bias toward bullish.
๐ Conclusion:
Short-term Bearish ๐ป, Potential Bullish bounce ๐ if ETH holds support and gains upside momentum.
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