Current Price Action: Ethereum is trading around $2,700-$2,800, showing short-term bearish pressure.
Trend Direction: ETH is below key moving averages, indicating a bearish to neutral trend in the short term.
Momentum: The RSI is in a mid-range zone, not signaling strong bullish momentum yet.
Support Levels: Major support sits near $2,700–$2,800 — if broken, further downside is possible.
Resistance Levels: Immediate resistance is around $2,900–$3,000; a break above could shift bias.
Market Sentiment: Fear/neutral sentiment suggests reduced volatility and cautious traders.
Bullish Potential: A sustained break above resistance could lead to a trend reversal into bullish territory.
Risk Factors: Macro conditions, ETF flows, and whale activity remain key drivers of ETH price movement.
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