$ETH

ETH next week 3/2

1. Overview

Strong downtrend from the area of 4,107.80 USDT to the area of 2,237.08 USDT. The price has broken below MA(99), indicating a continuing bearish signal. Trading volume has increased significantly as the price drops sharply, which may signal strong selling pressure. Nearest support: The area of 2,000 USDT. Important resistance: The area of 2,800 - 3,000 USDT.

The main trend is down. If the price holds above 2,000 USDT, there may be a recovery. If it continues to break below 2,000 USDT, the risk of deeper declines is high.

2. Next week

📉 Continued selling pressure:

The price of ETH has broken the MA(99) line at 2,589 USDT, indicating that the downtrend may continue. If the sellers maintain strong pressure, the price may continue to drop to the important support level at 2,000 USDT.

📉 Unable to hold support at 2,000 USDT:

2,000 USDT is an important psychological support level. If the price breaks below this level with high volume, the likelihood of continuing to drop to 1,900 USDT is very high.

📉 Technical indicators signal negativity:

If the RSI (Relative Strength Index) enters the oversold region (<30) without strong buying pressure, the downtrend may continue. A MACD crossover down and continuing to move far from the signal line will be a bearish sign.

✅ Case 1: Positive price reaction at 1,900 USDT (Bounces back)

If the price touches 1,900 USDT and there is strong buying reaction (long wick, high volume), a recovery to 2,220 - 2,400 USDT may occur.

❌ Case 2: ETH breaks below 1,900 USDT

If there is no buying pressure and the price continues to break down, ETH could drop to 1,500 - 1,600 USDT.

**Note: The market is always volatile and carries high risks. All content is for reference only and disclaims all responsibility.