ETH/USDT – Short-Term Market Update 📉
#Ethereum is under strong selling pressure right now. After rejecting near $3,013, $ETH faced a sharp drop and is currently trading around $2,947.
On the 15-minute chart, price has broken below all key moving averages (MA 7 / MA 25 / MA 99), which clearly shows bearish momentum in the short term.
📊 Technical View:
Resistance: $2,985 – $3,000
Immediate Support: $2,940
Next Support: $2,900 – $2,880 zone
📉 RSI (6): ~10 RSI is deeply oversold, which means:
Panic selling already happened
A short bounce / relief move is possible
But trend is still weak unless price reclaims resistance
💡 Trading Insight:
Scalpers: Wait for confirmation before long entries
Buyers: Look for strong reaction near $2,900 support
Sellers: Any pullback toward $2,980–$3,000 can be a selling zone
⚠️ Market is volatile — trade with proper risk management.
What’s your plan on ETH? Bounce or more downside? 👀
