$ETH /USDT – Short-Term Technical Read (based on your chart)
Timeframe: 15m
Current Price: ~2,965.8
Market Structure
Clear short-term downtrend intact.
Price is trading below MA(25) and MA(99) → bearish dominance.
The bounce from the low is corrective, not a trend reversal yet.
Moving Averages
MA(7): ~2,962 → acting as minor intraday support.
MA(25): ~2,981 → strong rejection zone.
MA(99): ~3,015 → major trend resistance and invalidation level.
Support & Resistance
Immediate Support: 2,945–2,950 (session low zone)
Next Support: 2,920–2,900 if 2,945 breaks
Immediate Resistance: 2,980–2,985
Major Resistance: 3,015–3,040
Price Action Insight
Strong sell-off into 2,944.79 followed by a weak bounce → looks like short covering, not aggressive buying.
Current candles are small and sideways → post-dump consolidation.
Failure to reclaim 2,980+ keeps downside pressure alive.
Volume
Heavy volume on the dump → confirms real selling pressure.
Bounce volume is lighter → buyers still cautious and weak.
Scenarios
Bearish Continuation (Higher Probability):
Rejection from 2,980–2,985 → revisit 2,950 → possible sweep of 2,920.
Bullish Relief (Lower Probability):
Strong reclaim and hold above MA(25) → move toward 3,000–3,015.
Trading Bias
Bias: Bearish to neutral
Scalp Shorts: 2,980–3,000 zone with tight SL
Longs: Only on strong reclaim above 2,985 with volume confirmation
If you want, I can package this into a Binance Feed / CreatorPad-style post or give you a clean scalp setup (entry, SL, targets) exactly like your usual format.
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