🚨 $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!

$ETH

#ETH #Ethereum #ETHUSDT #Write2Earn