$ETH /USDT â Massive Dump Followed by Early Recovery Signs đ¨đâĄď¸đ
Ethereum just faced a brutal 1H candle breakdown, dropping straight from $3,053 to a low of $2,806, wiping out a big chunk of momentum in minutes.
đ What the Chart Shows
$ETH rejected hard from the $3,053 zone, a key resistance level.
Price sliced below the MA7, MA25, and MA99, confirming a strong bearish shock.
Huge red candle + spike in sell volume â clear sign of panic selling.
After hitting $2,806, ETH is now trying to recover with small green candles forming support.
đĽ Current Situation
Price: $2,842
Early signs of stabilization above the short-term support.
Buyers are slowly stepping back in, but momentum remains weak.
đ Key Levels to Watch
Support: $2,806
Resistance: $2,900 â $2,950 â $3,000
A close above MA25 may shift momentum back to bullish.
đŻ What Traders Should Note
Watch if
$ETH can reclaim the moving averages.
If volume increases with green candles, mini-reversal possible.
If it fails to hold above $2,840, price may retest the lows.
Eth just survived a heavy dump â now itâs all about whether bulls step in or not. Stay sharp. âĄ
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