📊 $ETH Current Trend Analysis
🟢 Short-Term Technical Rebound:

ETH has bounced from the key support around $3,320, currently trading at $3,537, up roughly 6.5%.

Price has broken above the 5EMA (yellow line) and is approaching the 20EMA (purple), indicating short-term momentum recovery

Trading volume has slightly increased, suggesting some “buy-the-dip” interest—but the structure still resembles a weak rebound rather than a trend reversal.

🔵 Key Resistance Zones:

$3,580–$3,600: 20EMA resistance + former support turned resistance.

$3,640–$3,680: 60EMA (blue) and previous congestion zone—this is where bears may strike again.

🔴 Support Levels to Watch:

$3,450–$3,480: Immediate local support—if broken, could test $3,400 again.

$3,320: Fibonacci 0.786 level and last major support. A breakdown here could trigger a mass long liquidation cascade as highlighted earlier.

📌 Overall Outlook:
✅ Short-Term Summary:

Current move is a technical bounce, not a confirmed trend reversal.

Bears remain in control on the medium-term structure; this rebound is likely a reaction to oversold conditions.

A breakout above $3,600 with strong volume could hint at a V-shaped recovery.

A breakdown below $3,450 or $3,320 would likely reignite the bearish trend and confirm new short setups.

🧠 Additional Note:

📅 Watch tonight’s NASDAQ opening—if U.S. tech stocks plunge, ETH could face another 3–5% drop.

#ETH