#๐ ETH/USDT Price Watch ๐
Ethereum ($ETH) is currently trading at $2,767.04, showing a slight decline of -2.11% on the 4-hour chart โฐ. Letโs break it down with fresh support and resistance insights:
๐ก๏ธ Support Levels:
$2,743 โ Recent 24h low; could act as the first defense zone if the downtrend continues.
$2,685 โ Aligned closely with the 25 MA line, making it a stronger support.
$2,596 โ 99-period MA and potential major support if sentiment weakens further.
๐ Resistance Levels:
$2,796 โ 7 MA line; currently acting as dynamic resistance.
$2,879 โ The recent peak; key psychological and technical barrier.
$2,904 โ Next big upside target if bulls regain momentum ๐ช.
๐ MACD Status:
The MACD (3.69) and signal lines are narrowing, indicating a potential trend reversal or short-term consolidation ahead.
๐ Volume Check:
Volume has started tapering off after a strong rally, signaling caution among buyers ๐.
๐ฎ Outlook: If ETH stays above the $2,743-$2,685 zone, bulls might attempt a rebound. But if it breaks below this band, eyes could shift to $2,596. On the upside, breaching $2,796 could re-ignite bullish momentum toward $2,879+.
๐ก Pro Tip: Keep an eye on volume and MACD crossovers for early trend signals!