🤣😅😂 Look at funding rate now... All short price has to move up again 😎

COI NAME :#ETH/USDT

Ethereum (ETH/USD) chart 📉 shows a bearish breakdown from a descending wedge pattern, signaling a continuation of the downtrend. The Fibonacci retracement levels provide possible areas of support and resistance. ETH broke below key support levels at $3,150, triggering a further drop. Next support zones lie around $2,955 (1.272 Fib) and $2,824 (1.618 Fib) 🔻. The RSI is near oversold levels, hinting at a possible short-term relief bounce.

I can see pn this total3 chart 📊 is showing a breakdown from a descending triangle, leading to a sharp decline towards the support zone 🔻. A descending resistance line (red) has continuously rejected price. Price has now dropped to a critical support zone (white trendline). RSI is oversold (24.50) 📉, suggesting a possible relief bounce from this zone. If support holds, we might see a strong recovery towards previous highs (1.6T-1.8T) 🚀.

1️⃣ Bullish Case: A bounce from the support zone, triggering a move back towards 1.5T-1.6T.
2️⃣ Bearish Case: If support breaks, a deeper correction towards 1.1T may occur.

ETH iquidation heatmap 🔥 from Binance highlights key liquidation zones across different price levels. The price has been in a downtrend 📉, with high liquidation clusters (yellow) around $3,225 and $3,100, indicating strong resistance zones. A significant amount of liquidations (3.32M at $3,225) suggests that traders with high leverage positions got stopped out. The green and yellow bands represent areas where liquidity is concentrated, often acting as support or resistance. The price is currently around $2,900, a key support level.

Entry Price: 2852.4 or Market Price

1st TP 🎯 at $ 2904.0

2nd TP 🚀 at $ 2954.5

3rd TP 🌟 at $ 3029.2

$ETH


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