$ETH $ETH

ETH Chart Analysis: Last Two Days

Over the past 48 hours, Ethereum (ETH) has shown some interesting price action that's worth breaking down.

Price Movement:

ETH started with a slight upward momentum, pushing past minor resistance around the $3,100 level.

However, the rally lost steam near $3,200, leading to a sharp pullback as sellers took control.

The dip found support around $3,050, where buyers stepped back in, keeping ETH within a broader consolidation zone.

Technical Indicators:

RSI: On the 4-hour chart, the RSI dipped near the 40 level during the sell-off but has since bounced, suggesting a potential reversal attempt.

Moving Averages: ETH is trading between its 50 and 200 EMA, indicating a neutral to slightly bearish bias unless a breakout occurs.

MACD: Momentum is flatlining, showing a lack of strong trend in either direction for now.

Key Levels to Watch:

Resistance: $3,200 and $3,250 — a break above these levels could open the door for a stronger bullish move.

Support: $3,050 and $3,000 — if these fail, ETH could revisit lower levels quickly.

Summary:

Ethereum is currently in a wait-and-see mode, caught between critical support and resistance zones. A decisive move either way in the next 24–48 hours could set the tone for the next major trend.