ETH Under Pressure: Key Levels at Risk as Momentum Wanes

$ETH is trading at $2,748.67, showing slight intraday gains but continuing its short-term downtrend after peaking at $2,877.38. The price has dropped below all key moving averages: MA 7 ($2,760.85), MA 20 ($2,760.67), and MA 50 ($2,774.18) — a clear bearish signal.

Volume is low (50.31K), reflecting weakening interest and failed attempts to reclaim resistance. The recent drop toward $2,728 shows bears remain active.

Unless $ETH recovers above $2,760–2,770, the trend favors further downside. A break below $2,728 could trigger deeper declines toward $2,700. #crypto