$ETH
:
📊 Technical Outlook:
Resistance: $2,580 – $2,620
Support: $2,480 – $2,450
Current Trend: Sideways with bearish bias
RSI (1H): Near 50 – neutral momentum
Volume: Declining – suggests upcoming breakout
🔮 Next Likely Move (Short-Term):
Scenario 1 (Bearish):
If ETH fails to hold above $2,500, it may dip towards $2,450, which is a strong support level. Watch for increased sell pressure below $2,480.
Scenario 2 (Bullish breakout):
A strong push above $2,620 with high volume can send ETH toward $2,700–$2,740, especially if BTC stays stable or rises.
🔥 Market Sentiment:
Slightly cautious due to upcoming macro events and BTC uncertainty
Derivatives show mixed signals; funding rates neutral