#Ethereum is showing signs of potential short-term weakness after peaking near $3,974. Current price action sits around $3,896, just above the MA50 support.
🔍 Key Levels to Watch:
Resistance: $3,974 (blue zone)
Support 1: $3,797
Support 2: $3,747 (target if breakdown occurs)
Upside Targets: $4,057 & $4,107 if bulls regain momentum
📈 Indicators:
RSI is trending lower from overbought territory, hinting at cooling momentum.
MACD is flattening, showing reduced bullish pressure.
Price hugging the Bollinger Band midline, indicating indecision before the next move.
📉 Scenario:
If #ETH loses the $3,896 level, sellers could push it toward $3,797 and possibly $3,747.
A strong bounce above $3,974 would open the door to $4,057–$4,107.
💡 Trading Insight:
Momentum is slowing — watch for either a breakdown toward the red support zones or a bullish reversal above resistance. Perfect time to set alerts and stay ready for volatility.
💬 What’s your #ETH play — buy the dip or wait for breakout?