🚨 $ETH /USDT – Bounce Back or Breakdown Brewing? ⚠️🔥
#Ethereum is hovering around $2,947.92 (-0.67%) after testing the $3,040 zone. Is this a cooling-off phase before liftoff, or are we facing deeper downside?
Let’s dig into the setup👇
📊 Market Overview
📍 Current Price: $2,947.92
📈 24h High: $3,040.15
❄️ 24h Low: $2,923.32
📊 Parabolic SAR: $2,828.82 (Support holding, but near pressure zones)
📉 MACD Momentum:
DIF: -8.22 (Weakening slightly)
DEA: -12.38
MACD: 8.32 (Short-term bullish flicker but fragile)
📈 ETH Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If ETH Holds Above $2,940):
Entry: Above $2,970
Targets: $3,100, $3,200, $3,360
Stop-Loss: $2,885
🔹 Bearish Scenario (If ETH Breaks Below $2,885):
Entry: Below $2,885
Targets: $2,750, $2,620, $2,500
Stop-Loss: $3,000
🔍 Should You Hold or Sell?
✅ Holding above MA(99) keeps medium-term structure bullish
✅ Consolidation zone tightening between $2,920–$3,040
⚠️ Break below $2,885 opens door to deeper correction
💡 Pro Tip:
📊 A close above $3,040 on strong volume = clean breakout
🚨 Weak volume + flat momentum? Be cautious of a fake pump!
📢 What’s your ETH game plan—buying, holding, or waiting?
🔥 LIKE & SHARE if this ETH breakdown helps your trading journey!