$ETH ETH/USDT Chart Quick Analysis
Ethereum just saw a dip after testing resistance at $3,860. The price is currently hovering around $3,733, down 0.85% in the last session. We saw a sharp rejection from highs, with the 15-min candles forming lower highs, indicating selling momentum. Volume also shows a surge during the sell-off—confirming active participation from both bulls and bears.
Short-term outlook:
• Price is below the 7- and 25-period moving averages ($3,751 and $3,787), signaling short-term bearish pressure.
• Consolidation is happening near $3,730–$3,750. Support tested at $3,719.
• Next key levels: Watch for a retest of $3,681 support if selling continues. A reclaim above $3,750 could trigger a rebound.
What’s Next?
• Look for confirmation with volume before entering new trades.
• Conservative traders may want to wait for a clear breakout or breakdown before taking positions.
