#ETH Market Summary (Short & Mid-Term Outlook)
#CurrentTrend - Bearish
- Price: $2,484.13 (-2.11% in 24h)
- Key Levels:
- Support: $2,453.62 (24h Low) → $2,272.47 (EMA99, critical)
- Resistance: $2,526.98 (EMA7) → $2,626.64 (24h High)
- Volume: Low (weak trend conviction)
Indicators:
- EMA: Price below EMA7 & EMA25 (bearish short-term).
- MACD: Negative (-20.36), confirming bearish momentum.
- RSI(6): 24.50 (oversold, potential short-term bounce).
- Short-Term (1-3 days): Sideways or minor rebound likely, but downtrend persists unless price breaks $2,526.98 (EMA7).
- Mid-Term (1-2 weeks):
- Bullish Case: Holds above $2,272.47 (EMA99) → reversal possible.
- Bearish Case: Breaks $2,272.47 → risk of drop toward $2,000.
#Action Monitor EMA99 for support & EMA25 for trend reversal signals.
Disclaimer: Crypto markets are volatile—trade with risk management, DYOR.
