$ETH right now. Sellers are holding firm below the reclaimed resistance zone around $2,980–$3,000, rejecting any real bounce attempts. Price failed to sustain above $3,000 post-spike, and it's trading below the EMA cluster with momentum staying soft and downside grinding steadily lower—no sharp liquidations, just consistent selling pressure.
Intraday structure has broken lower after losing range support, and lower highs keep forming. Unless ETH reclaims and holds above $3,020 decisively, the path of least resistance remains down toward lower demand zones.
Short ETH still looks solid here:
Entry: $2,940–$2,980
SL: $3,020
TPs: $2,900 → $2,840 → $2,780
Current price action around ~$2,930–$2,960 aligns perfectly with this bearish control. Bears in charge short-term—stay cautious on longs until that key level flips. 🚀
ETH
2,691.3
-0.83%