$ETH is trading around $3,009, slightly up by 0.53% on the day.
This chart shows $ETH rejected at $3,083 and has been drifting lower since, currently finding some footing near the $3,000 psychological level.
Buyers will want to see this level hold firmly, otherwise we could quickly test the $2,940 region which was the 24h low. On the 15-minute chart, #ETH looks to be consolidating in a tight range, which often leads to a decisive breakout.
A push back above $3,037 might trigger quick moves up to retest $3,060. If it can’t get above that, more sideways or a dip down looks likely. For day #traders this is a spot where patience is crucial.
Choppy conditions can eat up accounts with small scalps if stops are too tight. It might pay to wait for a break and retest setup. $ETH has been leading some altcoin sentiment, so keep an eye on how it moves compared to BTC.
A loss of $3,000 with strong volume could accelerate #selling so stops should be well managed.
Keep your targets realistic and adjust if momentum shifts. Always respect your plan.
Let ETH show strength before adding size.