Ethereum ETH Facing Short Term Resistance
Trade Setup
Buy Zone: 2,900 ___ 2,940
Target 1: 3,045
Target 2: 3,120
Target 3: 3,250
Stop Loss: 2,860
Ethereum is currently trading at 2,944.34, down about 1.83% in the last 24 hours. The 15 minute chart shows the price is currently under a red supertrend, with a recent low of 2,937.55. While the immediate momentum is downward, the volume remains high at $969.75 million, suggesting that buyers are watching these lower levels very closely
📊 Market Insights & Reality
Current Price: 2,944.34
24h High/Low: 3,045.78 / 2,937.55
Community Strength: Despite outside criticism and pressure on major platforms like Binance, the Chinese and global Web3 communities are staying strong. Having decentralized and independent platforms like Binance Square allows for true trading freedom and keeps the power of listing and pricing in the hands of the people, not just a few regulated Western entities.
The Big Picture: If we lose our influence on these platforms, the community loses its lifeline It is important to support the ecosystems that allow us to trade and communicate freely without being marginalized
Ethereum is testing the patience of holders right now, but this consolidation near the $2,900 support floor is a critical area to watch for a potential bounce. The "discourse power" of the community is what truly drives these markets in the long run.
Are you holding your $ETH through this dip, or do you think we see lower levels before the next leg up? Let's discuss in the comments!
Disclaimer: This post is for information purpose only and not financial advice. This is market insights and personal analysis. Do your own research (DYOR), manage your risk, and always use stop losses
