🔥 ETH/USDT Market Update – Calm Before the Next Move? 🔥
Ethereum is trading around $2,982, showing mild weakness after a recent pullback — but the chart hints that the story isn’t over yet. Let’s break it down in a simple, trader-friendly way 👇
📊 Technical Snapshot
Current Price: ~$2,982
24H Range: $2,963 – $3,077
Trend: Short-term consolidation after a correction
Volume: Cooling down → sellers losing momentum
📉 What the Chart Is Saying
ETH is moving below the 25-day MA, signaling short-term pressure.
Price is hovering near the 7-day MA, showing early signs of stabilization.
Long-term MA (99) remains far above → macro trend still needs strength.
🟢 Key Levels to Watch
Support: $2,880 – $2,900
Strong Support: $2,620
Resistance: $3,050 – $3,100
Major Resistance: $3,450
🚀 Possible Scenarios
Bullish Case: Holding above $2,900 could trigger a bounce toward $3,100.
Bearish Case: Breakdown below $2,880 may retest the $2,620 zone.
🧠 Trader Insight
This phase looks like accumulation, not panic. Smart money often builds positions when volume is low and emotions are quiet.
✨ Final Thought
Ethereum isn’t making noise right now — and that’s exactly when big moves are born. Stay patient, respect your levels, and let the chart do the talking.
