Ethereum ($ETH ) Market Update 🚨

Current Price: $4,120.43 (-1.60%)

24h Stats:

High: $4,206.90

Low: $4,073.74

Trading Volume: 369,297.31 $ETH

Technical Overview:

$ETH is in a short-term bearish phase, trading below key moving averages, signaling selling pressure:

EMA7 (Short-term): $4,157.91 → Price below, indicating near-term weakness

EMA25 (Medium-term): $4,248.44 → Price below, confirming corrective action

EMA99 (Long-term): $4,439.58 → Price well below, showing a broader corrective trend

Key Levels to Watch:

Support: $4,073 – $4,075 (today’s low). A breakdown here could push price toward the major psychological level at $4,000

Resistance: EMA7 at $4,160 (immediate), EMA25 at $4,250 (stronger). A decisive break above $4,250 is needed to signal a bullish reversal

Market Outlook:

Bullish Scenario: Recovery above $4,160, followed by a break above $4,250, could shift momentum back to bullish

Bearish Scenario: A close below $4,075 may trigger a deeper drop toward $4,000

Traders should monitor these levels closely for the next directional move ✅