Current Price: $3,532.74
24h Change: -5.49%
Timeframe: 1D (Daily Chart)
24h High/Low: $3,758.56 / $3,491.00

Market Snapshot

Ethereum is undergoing a cooldown after a powerful surge from $2,373 to $3,941. With momentum slowing, the bulls are losing steam — and bears are creeping in.

The current price action signals a potential short-term reversal as ETH struggles to hold key support levels.

🔸 Key Support & Resistance Levels

  • Immediate Support: $3,491 (today’s low)

  • Crucial Support: $3,513 (21 EMA)

  • Major Zones: $3,329 → $2,984 → $2,639

  • Resistance Ahead:
    ▪ $3,674 (9 EMA)
    ▪ $3,941 (recent high)
    ▪ $4,019 (long-term resistance)

📊 EMA Overview (Exponential Moving Averages)

  • EMA 9: $3,689.86 (Resistance)

  • EMA 21: $3,513.33 (Current test level)

  • EMA 99: $2,829.26 (Long-term support zone)

Outlook: A break below the 21 EMA could accelerate selling. The current bearish EMA crossover is weighing heavily on short-term price action.

🔻 Volume & Momentum

  • 📉 Selling Volume rising

  • 📍 Distribution spike at $3,941

  • ❗️ Decreasing volume + bearish candles = weak bullish conviction

📉 MACD Indicator

  • MACD Line: -40.42

  • Signal Line (DEA): 268.70

  • Histogram: Negative, widening downwards

🧠 Bearish signal confirmed — MACD crossover and histogram expansion both point to continued downside.

⚠️ RSI Update (Relative Strength Index)

  • RSI(6): 32.70

The RSI is nearing oversold territory (30). A minor bounce could be on the horizon, but unless backed by volume and structure, it may be a "dead cat bounce."

⏱ Trend Performance Snapshot

Timeframe% ChangeToday-0.42%7 Days-3.19%30 Days+36.80%90 Days+93.50%180 Days+20.59%1 Year+14.25%

📌 Note: Long-term outlook remains bullish. Short-term pressure could offer lower entry opportunities.

🧭 Summary & Strategy

IndicatorSignalPriceBearish Pullback 🔻EMAsBearish Crossover 🔻MACDBearish Divergence 🔻RSINear Oversold ⚠️VolumeBearish Spike 🔻

🔴 Bearish Scenario (Most Likely)

  • Break below $3,513 (EMA 21) → price may drop to $3,329 and $2,984

  • Momentum and volume trends support further decline

🟡 Neutral / Cautious

  • ETH hovering at critical EMA 21 level

  • Wait for confirmation — either bounce or breakdown

🟢 Bullish Setup (Low Probability for Now)

  • Bounce near RSI 30 + bullish engulfing candle

  • Break above $3,750–$3,900 with volume = short-term reversal possible

✅ Final Thoughts

Ethereum is in a consolidation phase, facing downward pressure after a strong rally. The next few candles will be critical. Watch $3,513 — it’s the line in the sand. A break below opens the door for deeper corrections.

Traders: Be cautious.
Investors: Look for value zones.
Scalpers: Get ready for high volatility.

#ProjectCrypto #MarketPullback #WhiteHouseDigitalAssetReport #EthereumTurns10