​$ETH / USDT Analysis 📊

​$ETH Status: Testing Critical Support! 📉

​Market Trend: Bearish (Short-term) / Consolidation.

​Current Price: $2,942.61.

​Performance: Down -0.53% in the last 24 hours.

​Technical View: 📈

​Moving Averages: The price is currently trading below the MA(7), MA(25), and MA(99), indicating strong downward pressure.

​RSI (6): Sitting at 40.06. This is approaching the oversold region, meaning the selling pressure might slow down soon.

​Support: Immediate floor is around the $2,864 mark.

​Strategic Advice: 🎯

​Signal: Be cautious with Long positions right now. Wait for a clear reversal candle or for the RSI to dip lower before entering.

​Long-term: This is a zone for gradual accumulation. If $ETH holds above $2,864, we could see a bounce back towards the $3,100 resistance level.

​Verdict: 🧠

Patience is required. Let the market stabilise before jumping in. High-quality entries happen at the bottom of the dip!

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