$ETH /USDC 15m update

ETH is hovering around 2994 after a sharp rejection from the 3034 zone. The recent push higher failed near the upper moving averages, followed by a strong bearish candle that dragged price back below the short-term trend lines. Buyers defended the 2960–2970 demand area aggressively, leaving a long lower wick and signaling short-term support holding.

On the 15m structure, price is now trying to stabilize below the MA25 while MA99 above continues to act as dynamic resistance. As long as ETH stays below the 3010–3025 zone, upside looks capped and bounces may face selling pressure.

Key levels to watch: Support: 2970–2960, then 2950 Resistance: 3005–3015, major at 3030–3045

A clean reclaim and hold above 3015 could open a move back toward 3030+. Failure to hold 2970 may invite another sweep toward the lower 2950 liquidity zone. Short-term market remains reactive and level-to-level.

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