#CryptoRoundTableRemarks #Ethereum

📊 Current Market Overview

Price: $2,535.50

24h High/Low: $2,585.20 / $2,502.90

EMA (Exponential Moving Averages):

EMA(7): $2,555.63 (short-term trend)

EMA(21): $2,612.01 (mid-term trend)

EMA(55): $2,615.18 (long-term trend)

OBV (On-Balance Volume): Negative, indicating selling pressure.

Recent Low: $2,436.98

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📉 Technical Analysis

Trend: Price has broken below all key EMAs, indicating bearish momentum.

Volume: OBV is sharply down, confirming the recent sell-off.

Candlestick Pattern: Strong red candle shows heavy sell pressure followed by weak recovery candles.

Resistance Levels: Around $2,612–$2,615 (EMA 21 and 55).

Support Zone: $2,436–$2,500

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📌 Other Insights

Market Sentiment: 85.43% of the order book is leaning towards "Sell", which indicates a bearish sentiment.

Price Action: If ETH fails to break above the $2,555–$2,615 range, it may retest the $2,436 support.

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🧭 Possible Scenarios

1. Bullish Recovery:

Needs strong buying volume.

Reclaiming $2,615 EMA(55) would shift bias to neutral or slightly bullish.

2. Bearish Continuation:

If it fails to hold $2,500, a drop toward $2,400 or lower could occur.