$ETH is trading at $2,917, trapped below key moving averages in a persistent downtrend from $3,400+. Price rejected at $3,000 resistance and remains under pressure. The MA cluster around $2,950-$3,020 acts as overhead resistance. Consolidation near $2,900 could break either way, but bearish structure favors downside.
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$ETH is trading at $2,917, trapped below key moving averages in a persistent downtrend from $3,400+. Price rejected at $3,000 resistance and remains under pressure. The MA cluster around $2,950-$3,020 acts as overhead resistance. Consolidation near $2,900 could break either way, but bearish structure favors downside.
Setup:
TP1: $2,850
TP2: $2,800
TP3: $2,750
Stop Loss: $3,010
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