🔥 Ethereum (ETH/USDT) Market Update – Calm Before the Next Move? 🚀
Ethereum is currently trading around $2,959, showing mild consolidation after recent volatility. While the short-term momentum looks neutral, the chart hints that ETH may be preparing for its next directional move.
📊 Technical Overview (1D Chart):
MA(7): 2,966 → Price hovering near short-term average
MA(25): 3,041 → Strong resistance ahead
MA(99): 3,561 → Major trend resistance
Key Support: $2,750 – $2,850
Recent High: $3,447
ETH recently bounced from the $2,775 support zone, indicating buyers are still active at lower levels. Volume has cooled, which often signals accumulation before expansion.
👀 What to Watch Next:
A daily close above $3,050 could trigger a rally toward $3,200 – $3,350
Failure to hold $2,900 may lead to another support retest near $2,750
Trend remains sideways to slightly bearish until resistance breaks
💡 Market Sentiment:
Short-term: Neutral ⚖️
Mid-term: Cautiously bullish if $3K holds 📈
⚠️ Not financial advice. Always manage risk and do your own research.
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