📊 ETH/USDT – Daily Update (13 July)
ETH has been on a strong run recently, touching the key $3,000 psychological resistance after a clean breakout from $2,500 levels.
Right now, it's consolidating near the highs, showing signs of strength but also caution.
🔍 Key Observations:
🔹 Price: $2,954
🔹 RSI: 70.85 (Overbought zone – cooling off likely)
🔹 Volume: Slightly fading after impulse move
🔹 ETH is well extended from its 21 EMA → suggesting possible pullback for re-accumulation
📌 Support Levels:
• $2,800 – Previous breakout and local demand zone
• $2,716 – 21 EMA (mid-term support)
• $2,666 – EMA ribbon support cluster
📌 Resistance:
• $3,000 – Major psychological + technical resistance
• Flip this → could open path toward $3,300+
🧠 Gameplan:
• Ideally waiting for retest in $2,750–$2,800 range for fresh longs
• Avoid longing into strength without structure
• Clean flip and consolidation above $3K = continuation setup 🚀
🛠 Stay reactive, not predictive. Let price show the move.