$ETH / USDT – BEARS COOLING OFF NEAR SUPPORT ZONE?
Ethereum is trading at $2,488.75, down 0.97%, as it tries to stabilize just above the $2,477 local low. After a steep drop from $2,548, ETH is now testing key EMA zones while volume remains elevated.
📊 EMA Snapshot
EMA(7): $2,487.74 (yellow)
EMA(25): $2,491.97 (pink)
EMA(99): $2,505.42 (purple)
🔍 Technical Take
All three EMAs are pointing downward, suggesting short-term bearish momentum remains intact.
Price is currently sandwiched between EMA(7) and EMA(25), fighting to reclaim short-term strength.
A close above $2,492 (EMA25) could open a path to retest the $2,505–$2,510 resistance zone (EMA99).
⚠️ Caution Zone If Ethereum loses $2,477, further downside could accelerate toward $2,450 or even lower. Bulls must defend this level with volume confirmation for a rebound.
