๐จ $ETH /USDT โ Holding the Line or Losing Steam? ๐ฅ
#Ethereum is trading just shy of the critical $3K mark at $2,999.61, down slightly -0.04%. Consolidation or the calm before a big move?
Letโs analyze it ๐
๐ Market Overview
๐ Current Price: $2,999.61
๐ 24h High: $3,083.00
โ๏ธ 24h Low: $2,940.24
๐ Parabolic SAR: Likely hovering close = trend indecision
๐ MACD Momentum: Weak to neutral โ watch for crossover
MA(7): $3,017.39
MA(25): $3,016.11
MA(99): $2,971.82
โ ๏ธ Price is now below MA(7) and MA(25) = short-term caution
โ Still above MA(99) = mid-term structure holding
๐ 24h Volume: 813,951.20 ETH / $2.46B USDT = healthy flow
๐ ETH Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ETH Reclaims $3,020+):
Entry: Above $3,030
Targets: $3,083, $3,150, $3,250
Stop-Loss: $2,950
๐น Bearish Scenario (If ETH Breaks Below $2,950):
Entry: Below $2,940
Targets: $2,883, $2,770, $2,658
Stop-Loss: $3,030
๐ Should You Hold or Sell?
โ Price still holding near key support levels (MA(99) = $2,971)
โ ๏ธ Weak MACD and short-term MAs suggest momentum fading
โ Strong volume = Ethereum remains in play among Layer 1s
๐ก Pro Tip:
๐ Watch for a clean breakout above $3,030 with solid volume to confirm bullish continuation
โ ๏ธ If $2,940 failsโexpect quick downside acceleration
๐ข ETH bulls or bearsโwhere are you placing your bets? Letโs discuss below!
๐ฅ LIKE & SHARE if youโre stacking ETH or shorting the breakout! ๐