$ETH — Weak Bounce or Setup for Next Move?
Ethereum is trading around $2,309 after a sharp drop to $2,296.
Right now, the chart shows a temporary bounce, but not real strength yet.
What stands out:
• Price still below key moving averages
• Lower highs structure remains intact
• Bounce lacks strong follow-through
This looks more like a relief move, not a reversal.
Key levels:
Support: $2,296
Resistance: $2,320–$2,340
If ETH reclaims resistance → momentum can shift
If rejection continues → downside pressure remains
This is a decision zone.
Next move depends on confirmation, not assumption.
Stay patient. Let the market show its direction.
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