ETH/USDT Short-Term Outlook (Next Few Days)
Ethereum (ETH) is currently trading around $3,150–$3,200, after a sharp pullback from the recent highs near $3,600. The broader market remains cautious following Bitcoin’s rejection near $65k–$66k, putting downward pressure across majors.
Technical Setup:
• Resistance: Immediate resistance lies around $3,250–$3,300. A clean break above $3,300 with strong volume could open a move toward $3,400–$3,450.
• Support: Key support sits at $3,080 (recent swing low). A breakdown below this zone could accelerate a retest of the $2,950–$3,000 psychological level.
• Indicators:
• RSI: Currently neutral (~47–50 range), suggesting room to move either way.
• MACD: Showing slight bullish momentum, but not yet a confirmed crossover.
• Volume: Recent selling pressure has decreased, suggesting sellers are losing strength.
Short-Term Prediction:
If ETH can hold above $3,100 and reclaim $3,250, expect a potential short squeeze toward $3,400 in the next few days.
Failure to hold $3,080 could trigger downside pressure, targeting $3,000 support.
Fundamental Note:
Ethereum’s broader bullish narrative remains intact (layer-2 growth, ETF speculation), but short-term moves will closely follow Bitcoin’s stability. Increased volatility around macroeconomic news (especially US Fed signals) could trigger sharper swings.
Caution:
Short-term traders should monitor $3,080 support closely and manage risk carefully — Ethereum tends to exaggerate Bitcoin’s moves during high-volatility phases.
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