๐ Ethereum Market Update โ Bearish or Bullish? ๐๐ป
๐ Current Status:
ETH is trading below $3,700 โ ๏ธ, struggling to break past the $3,750โ$3,800 resistance zone ๐ง. Sellers (bears ๐ป) are currently in control with $418M+ daily net sell volume ๐ธ.
๐ Short-Term Outlook:
Bearish ๐: If ETH drops below $3,580, price could slide to $3,300โ$3,100 ๐ณ๏ธ.
Neutral ๐ค: Sideways movement between $3,600โ$3,750 โ wait for breakout confirmation โณ.
Bullish ๐: A clean break & hold above $3,800 could target $3,900โ$4,100+ ๐ฏ.
๐ก Market Sentiment:
On-chain activity remains healthy ๐, but bulls need to reclaim $3,800 to shift momentum ๐ช.
Institutional inflows ๐ฆ and high open interest ๐ hint that if a breakout happens, it could be strong โก.
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๐ TL;DR:
Right now โ Short-term leaning bearish ๐ป, but watch $3,800 โ a breakout above this could flip ETH back to bullish ๐๐.
